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A BILL TO BE ENTITLED
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AN ACT
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relating to the standard service retirement annuity for members of |
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the legislature and the lieutenant governor. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 814.103, Government Code, is amended to |
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read as follows: |
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Sec. 814.103. SERVICE RETIREMENT BENEFITS FOR ELECTED CLASS |
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SERVICE. (a) Except as provided by Subsection (b), the standard |
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service retirement annuity for service credited in the elected |
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class of membership for a person described by Section |
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812.002(a)(1), other than the lieutenant governor, or a person |
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described by Section 812.002(a)(3) is an amount equal to the number |
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of years of service credit in that class, times two percent of the |
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state salary, excluding longevity pay payable under Section |
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659.0445 and as adjusted from time to time, being paid a district |
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judge. |
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(b) The standard service retirement annuity for service |
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credited in the elected class computed under Subsection (a) may not |
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exceed at any time 100 percent of the state salary being paid a |
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district judge. |
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(c) The standard service retirement annuity for service |
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credited in the elected class of membership for the lieutenant |
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governor or a person described by Section 812.002(a)(2) is an |
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amount equal to the amount of the average standard service |
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retirement annuity of a full-time certified classroom teacher who |
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retired from employment with the public free schools of this state |
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in the preceding calendar year as determined by the Teacher |
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Retirement System of Texas. |
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(d) Not later than February 1 of each year, the Teacher |
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Retirement System of Texas shall make the determination required |
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under Subsection (c) with respect to the preceding calendar year |
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and notify the lieutenant governor, members of the legislature, and |
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the retirement system of its determination. |
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SECTION 2. Section 814.103, Government Code, as amended by |
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this Act, applies only to the standard service retirement annuity |
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of a member of the elected class who is first eligible to become a |
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member of the elected class on or after January 1, 2020. The |
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standard service retirement annuity of a member of the elected |
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class who is first eligible to become a member of the elected class |
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before January 1, 2020, is governed by the law as it existed |
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immediately before that date, and that law is continued in effect |
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for that purpose. |
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SECTION 3. This Act takes effect on the date on which the |
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constitutional amendment proposed by the 86th Legislature, Regular |
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Session, 2019, setting the salaries of members of the legislature |
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and the lieutenant governor based on the average public school |
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teacher salary in this state is approved by the voters. If that |
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amendment is not approved by the voters, this Act has no effect. |