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A BILL TO BE ENTITLED
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AN ACT
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relating to municipal control of certain public retirement systems |
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established for the benefit of municipal employees. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Chapter 810, Government Code, is amended by |
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adding Section 810.004 to read as follows: |
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Sec. 810.004. MUNICIPAL CONTROL OF RETIREMENT SYSTEM |
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PROVISIONS. (a) In this section, "public retirement system" has |
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the meaning assigned by Section 802.001. |
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(b) Except as provided by Sections 66 and 67, Article XVI, |
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Texas Constitution, and notwithstanding any other law, a |
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municipality that is the sponsoring authority of a public |
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retirement system that was created under a state statute, but is not |
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a part of a statewide retirement system, may adopt by ordinance or |
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resolution, as applicable, provisions that supplement or supersede |
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the operative provisions of the public retirement system's statute, |
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including any provision relating to the benefits, participation and |
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eligibility requirements, funding source or amount, and |
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administration of the system. |
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(c) To the extent of a conflict between a statute adopted |
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before the effective date of the Act enacting this section that |
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applies to a public retirement system described by Subsection (b) |
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and a municipal ordinance or resolution adopted by the governing |
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body of the sponsoring municipality of that retirement system under |
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this section, the municipal ordinance or resolution prevails. |
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SECTION 2. This Act takes effect immediately if it receives |
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a vote of two-thirds of all the members elected to each house, as |
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provided by Section 39, Article III, Texas Constitution. If this |
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Act does not receive the vote necessary for immediate effect, this |
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Act takes effect September 1, 2015. |