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A BILL TO BE ENTITLED
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AN ACT
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relating to the composition of the board of trustees of the |
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Employees 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 815.001, Government Code, is amended to |
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read as follows: |
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Sec. 815.001. COMPOSITION OF BOARD OF TRUSTEES. The board |
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of trustees is composed of seven [six] members. |
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SECTION 2. Section 815.003, Government Code, is amended by |
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amending Subsections (a) through (d) and adding Subsection (b-1) to |
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read as follows: |
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(a) Four [Three] members of the board of trustees are |
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nominated and elected by members of the retirement system and |
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retirees under rules adopted by the board. |
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(b) Three elected members [To be eligible to serve as an
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elected member] of the board[, a person] must be members [a member] |
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of the retirement system and must hold positions [a position] that: |
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(1) are [is] included in the employee class of |
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membership; and |
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(2) are [is] not with an agency or department with |
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which another trustee holds a position. |
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(b-1) One elected member must be a retiree. |
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(c) Elected trustees hold office for staggered terms of six |
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years, with the term of one or two trustees, as appropriate, |
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[trustee] expiring on August 31 of each odd-numbered year. |
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(d) The board shall hold elections for the members and |
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retirees to nominate and elect the appropriate number of trustees |
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[a trustee] before August 31 of each odd-numbered year. The board |
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shall make ballots available to members of the retirement system |
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and retirees and all votes must be cast on those ballots. |
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SECTION 3. The changes in law made by this Act apply only to |
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an election of a member of the board of trustees of the Employees |
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Retirement System of Texas that occurs on or after the effective |
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date of this Act. At the first election that occurs on or after the |
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effective date of this Act, members of the retirement system and |
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retirees shall elect: |
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(1) a retiree of the Employees Retirement System of |
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Texas as required by Section 815.003(b-1), Government Code, as |
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added by this Act; and |
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(2) a member to fill the expiring elected position. |
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SECTION 4. This Act takes effect September 1, 2015. |