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A BILL TO BE ENTITLED
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AN ACT
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relating to the eligibility of certain public retirement systems |
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for police and fire fighters to participate in the Texas Municipal |
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Retirement System. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 852.005, Government Code, is amended by |
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amending Subsection (a) and adding Subsection (b) to read as |
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follows: |
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(a) For the purposes of this subtitle, the Texas Municipal |
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Retirement System, the pension system provided under Article |
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6243a-1, Revised Statutes, and [, as limited by Subsection (b),] |
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the Texas Municipal League, have the standing of municipalities. |
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(b) The standing of the pension system provided under |
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Article 6243a-1, Revised Statutes, as a municipality under |
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Subsection (a) applies only with respect to the system and the |
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system's employees. Subsection (a) does not require or authorize: |
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(1) a person who is a member, pensioner, alternate |
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payee, or other beneficiary of the pension system provided under |
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Article 6243a-1, Revised Statutes, to participate in the Texas |
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Municipal Retirement System; and |
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(2) the consolidation of both public retirement |
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systems or the transfer of a fund or any plan created or maintained |
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under former Article 6243a, Revised Statutes, or Article 6243a-1, |
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Revised Statutes, to the Texas Municipal Retirement System. |
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SECTION 2. Section 852.005, Government Code, as amended by |
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this Act, applies only with respect to a person who is an employee |
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of the pension system provided under Article 6243a-1, Revised |
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Statutes, on or after the effective date of this Act. |
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SECTION 3. This Act takes effect September 1, 2021. |