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A BILL TO BE ENTITLED
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AN ACT
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relating to the state contribution to the Teacher Retirement System |
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of Texas. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 825.404(a), Government Code, is amended |
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to read as follows: |
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(a) Except as provided by Subsection (a-1), during each |
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fiscal year, the state shall contribute to the retirement system an |
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amount equal to at least seven [six] and not more than 10 percent of |
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the aggregate annual compensation of all members of the retirement |
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system during that fiscal year. |
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SECTION 2. This Act takes effect September 1, 2021. |