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A BILL TO BE ENTITLED
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AN ACT
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relating to peace officers who are members of the Teacher |
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Retirement System of Texas. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 824.202, Government Code, is amended as |
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follows: |
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Sec. 824.202. ELIGIBILITY FOR SERVICE RETIREMENT. (a) |
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Except as provided by Subsections (a-1), and (a-2), and (a-3), a |
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member is eligible to retire and receive a standard service |
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retirement annuity if: |
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(1) the member is at least 65 years old and has at |
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least five years of service credit in the retirement system; |
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(2) the member is at least 60 years old and has at |
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least 20 years of service credit in the retirement system; |
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(3) the member is at least 50 years old and has at |
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least 30 years of service credit in the retirement system; or |
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(4) the member has at least five years of service |
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credit in the retirement system and the sum of the member's age and |
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amount of service credit in the retirement system equals the number |
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80. |
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(a-1) This subsection applies only to a person who becomes a |
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member of the retirement system on or after September 1, 2007, and |
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who is not subject to Subsection (a-2). A member subject to this |
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subsection is eligible to retire and receive a standard service |
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retirement annuity if: |
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(1) the member is at least 65 years old and has at |
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least five years of service credit in the retirement system; or |
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(2) the member is at least 60 years old and has at |
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least five years of service credit in the retirement system and the |
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sum of the member's age and amount of service credit in the |
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retirement system equals the number 80. |
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(a-2) This subsection applies only to a person who does not |
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have at least five years of service credit in the retirement system |
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on or before August 31, 2014, or who becomes a member of the |
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retirement system on or after September 1, 2014. A member subject to |
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this subsection is eligible to retire and receive a standard |
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service retirement annuity if: |
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(1) the member is at least 65 years old and has at |
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least five years of service credit in the retirement system; or |
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(2) the member is at least 62 years old and has at |
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least five years of service credit in the retirement system and the |
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sum of the member's age and amount of service credit in the |
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retirement system equals the number 80. |
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(a-3) Subsection (a-2) does not apply to a member who is a |
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peace officer licensed under Subchapter G, Chapter 1701, |
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Occupations Code, and who employed and commissioned as a peace |
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officer under Section 37.081 or 51.203, Education Code, and |
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assigned to the duty of a peace officer at the time the member |
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retires. A person described by this subsection is subject to |
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Subsection (a) or (a-1), as appropriate. This subsection does not |
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apply to a member who is employed as security personnel under |
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Section 37.081, Education Code, and assigned to the duty of |
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security personnel at the time the member retires. |
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(b) This subsection applies only to a person who is not |
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subject to Subsection (b-1), (b-2), (b-3), (d), (d-1), or |
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(d-2). If a member subject to this subsection is at least 55 years |
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old and has at least five years of service credit in the retirement |
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system, the member is eligible to retire and receive a service |
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retirement annuity reduced from the standard service retirement |
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annuity available under Subsection (a)(1), to a percentage derived |
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from the following table: |
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| Age at date of retirement |
55 |
56 |
57 |
58 |
59 |
60 |
61 |
62 |
63 |
64 |
65 |
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| Age at date of retirement |
55 |
56 |
57 |
58 |
59 |
60 |
61 |
62 |
63 |
64 |
65 |
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| Percentage of standard annuity receivable |
47% |
51% |
55% |
59% |
63% |
67% |
73% |
80% |
87% |
93% |
100% |
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| Percentage of standard annuity receivable |
47% |
51% |
55% |
59% |
63% |
67% |
73% |
80% |
87% |
93% |
100% |
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|
| Percentage of standard annuity receivable |
47% |
51% |
55% |
59% |
63% |
67% |
73% |
80% |
87% |
93% |
100% |
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(b-1) This subsection applies only to a person who becomes a |
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member of the retirement system on or after September 1, 2007, and |
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who is not subject to Subsection (b-2). If a member subject to this |
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subsection is at least 55 years old and has at least five years of |
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service credit in the retirement system, but does not meet the |
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requirements under Subsection (d-1), the member is eligible to |
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retire and receive a service retirement annuity reduced from the |
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standard service retirement annuity available under Subsection |
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(a-1)(1), to a percentage derived from the following table: |
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| Age at date of retirement |
55 |
56 |
57 |
58 |
59 |
60 |
61 |
62 |
63 |
64 |
65 |
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| Age at date of retirement |
55 |
56 |
57 |
58 |
59 |
60 |
61 |
62 |
63 |
64 |
65 |
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|
| Percentage of standard annuity receivable |
47% |
51% |
55% |
59% |
63% |
67% |
73% |
80% |
87% |
93% |
100% |
|
|
|
| Percentage of standard annuity receivable |
47% |
51% |
55% |
59% |
63% |
67% |
73% |
80% |
87% |
93% |
100% |
|
|
|
| Percentage of standard annuity receivable |
47% |
51% |
55% |
59% |
63% |
67% |
73% |
80% |
87% |
93% |
100% |
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|
(b-2) This subsection applies only to a person who does not |
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have at least five years of service credit in the retirement system |
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on or before August 31, 2014, or who becomes a member of the |
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retirement system on or after September 1, 2014. If a member subject |
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to this subsection is at least 55 years old and has at least five |
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years of service credit in the retirement system, but does not meet |
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the requirements under Subsection (d-2), the member is eligible to |
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retire and receive a service retirement annuity reduced from the |
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standard service retirement annuity available under Subsection |
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(a-2)(1), to a percentage derived from the following table: |
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| Age at date of retirement |
55 |
56 |
57 |
58 |
59 |
60 |
61 |
62 |
63 |
64 |
65 |
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|
| Age at date of retirement |
55 |
56 |
57 |
58 |
59 |
60 |
61 |
62 |
63 |
64 |
65 |
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|
| Percentage of standard annuity receivable |
47% |
51% |
55% |
59% |
63% |
67% |
73% |
80% |
87% |
93% |
100% |
|
|
|
| Percentage of standard annuity receivable |
47% |
51% |
55% |
59% |
63% |
67% |
73% |
80% |
87% |
93% |
100% |
|
|
|
| Percentage of standard annuity receivable |
47% |
51% |
55% |
59% |
63% |
67% |
73% |
80% |
87% |
93% |
100% |
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(b-3) Subsection (b-2) does not apply to a member who is a |
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peace officer licensed under Subchapter G, Chapter 1701, |
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|
Occupations Code, and who employed and commissioned as a peace |
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|
officer under Section 37.081 or 51.203, Education Code, and |
|
|
assigned to the duty of a peace officer at the time the member |
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|
retires. A person described by this subsection is subject to |
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|
Subsection (a) or (a-1), as appropriate. This subsection does not |
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apply to a member who is employed as security personnel under |
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Section 37.081, Education Code, and assigned to the duty of |
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security personnel at the time the member retires. |
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(c) Repealed by Acts 2005, 79th Leg., Ch. 1359, Sec. |
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55(a)(1), eff. September 1, 2005. |
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(d) This subsection applies only to a person who is not |
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subject to Subsection (d-1), or (d-2), or (d-3). If a member |
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subject to this subsection has at least 30 years of service credit |
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in the retirement system, the member is eligible to retire |
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regardless of age and receive a service retirement annuity |
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consisting of the standard service retirement annuity available |
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under Subsection (a) decreased by two percent for each year of age |
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under 50 years. |
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(d-1) This subsection applies only to a person who becomes a |
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member of the retirement system on or after September 1, 2007, and |
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who is not subject to Subsection (d-2), or (d-3). If the sum of the |
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member's age and amount of service credit in the retirement system |
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equals the number 80, with at least five years of service credit, or |
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if the member has at least 30 years of service credit in the |
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retirement system, the member is eligible to retire regardless of |
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age and receive a service retirement annuity consisting of the |
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standard service retirement annuity available under Subsection |
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(a-1)(2) decreased by five percent for each year of age under 60 |
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years. |
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(d-2) This subsection applies only to a person who does not |
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have at least five years of service credit in the retirement system |
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on or before August 31, 2014, or who becomes a member of the |
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retirement system on or after September 1, 2014. If the sum of the |
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member's age and amount of service credit in the retirement system |
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equals the number 80, with at least five years of service credit, or |
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if the member has at least 30 years of service credit in the |
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retirement system, the member is eligible to retire regardless of |
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age and receive a service retirement annuity consisting of the |
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standard service retirement annuity available under Subsection |
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(a-2)(2) decreased by five percent for each year of age under 62 |
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years. |
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(d-3) Subsection (d-2) does not apply to a member who is a |
|
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peace officer licensed under Subchapter G, Chapter 1701, |
|
|
Occupations Code, and who employed and commissioned as a peace |
|
|
officer under Section 37.081 or 51.203, Education Code, and |
|
|
assigned to the duty of a peace officer at the time the member |
|
|
retires. A person described by this subsection is subject to |
|
|
Subsection (a) or (a-1), as appropriate. This subsection does not |
|
|
apply to a member who is employed as security personnel under |
|
|
Section 37.081, Education Code, and assigned to the duty of |
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|
security personnel at the time the member retires. |
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SECTION 2. This Act takes effect September 1, 2015. |