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A BILL TO BE ENTITLED
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AN ACT
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relating to assignment of certain death benefits payable by 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. Subchapter E, Chapter 814, Government Code, is |
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amended by adding Section 814.404 to read as follows: |
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Sec. 814.404. ASSIGNMENT OF DEATH BENEFIT FOR FUNERAL |
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SERVICES. (a) A beneficiary to whom a benefit is payable under |
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this subchapter may by assignment provide that part or all of the |
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benefit be paid in consideration for services provided in |
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connection with the death of the member directly to a funeral |
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director or funeral establishment licensed under: |
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(1) Chapter 651, Occupations Code; or |
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(2) the comparable law of another state. |
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(b) The board of trustees by rule may establish requirements |
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for forms, documentation, and procedures necessary for an effective |
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assignment under this section. |
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SECTION 2. Subchapter F, Chapter 814, Government Code, is |
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amended by adding Section 814.504 to read as follows: |
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Sec. 814.504. ASSIGNMENT OF DEATH BENEFIT FOR FUNERAL |
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SERVICES. (a) A beneficiary to whom a benefit is payable under |
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this subchapter may by assignment provide that part or all of the |
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benefit be paid in consideration for services provided in |
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connection with the death of the retiree directly to a funeral |
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director or funeral establishment licensed under: |
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(1) Chapter 651, Occupations Code; or |
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(2) the comparable law of another state. |
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(b) The board of trustees by rule may establish requirements |
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for forms, documentation, and procedures necessary for an effective |
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assignment under this section. |
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SECTION 3. (a) As soon as practicable after the effective |
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date of this Act, but not later than January 1, 2020, the board of |
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trustees of the Employees Retirement System of Texas shall adopt |
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rules to implement Sections 814.404 and 814.504, Government Code, |
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as added by this Act. |
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(b) The change in law made by this Act by the enactment of |
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Sections 814.404 and 814.504, Government Code, applies only to a |
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benefit that is payable on or after January 1, 2020. A benefit that |
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is payable before that date is governed by the law in effect |
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immediately before January 1, 2020, and the former law is continued |
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in effect for that purpose. |
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SECTION 4. (a) Except as provided by Subsection (b) of |
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this section, this Act takes effect September 1, 2019. |
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(b) Sections 814.404 and 814.504, Government Code, as added |
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by this Act, take effect January 1, 2020. |