88R4555 JCG-D
 
  By: VanDeaver H.B. No. 3561
 
 
 
A BILL TO BE ENTITLED
 
AN ACT
  relating to the payment of certain contributions for retirees of
  the Teacher Retirement System of Texas who resume service.
         BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
         SECTION 1.  Section 825.4092, Government Code, is amended by
  adding Subsection (h) to read as follows:
         (h)  Notwithstanding any other provision of this section,
  the amounts required to be paid under Subsections (b) and (c) are
  not required to be paid by a reporting employer for the state fiscal
  years beginning September 1, 2023, and September 1, 2024. This
  subsection:
               (1)  does not apply to a reporting employer who is an
  institution of higher education; and
               (2)  expires January 1, 2029.
         SECTION 2.  (a) In addition to amounts contributed by the
  state to the Teacher Retirement System of Texas under Section
  825.404, Government Code, and Section 1575.202, Insurance Code, the
  state shall contribute to the system for the fiscal years beginning
  September 1, 2023, and September 1, 2024, an amount equal to the
  total amount of contributions reporting employers would have
  remitted to the retirement system under Sections 825.4092(b) and
  (c), Government Code, for employed retirees during each respective
  fiscal year, as if Section 825.4092(h), Government Code, as added
  by this Act, did not apply with respect to those retirees'
  employment during each fiscal year.
         (b)  The board of trustees of the Teacher Retirement System
  of Texas, in coordination with the Legislative Budget Board, shall
  certify to the comptroller of public accounts for review and
  adoption an estimate of the amount necessary to pay the state
  contribution required by Subsection (a) of this section. For
  administrative convenience, the board may meet the requirement of
  this subsection by revising the certified estimates required under
  Section 825.404, Government Code, and Section 1575.209, Insurance
  Code.
         (c)  In the same manner prescribed by Sections 403.093(c),
  825.404(e), and 825.4092(c), Government Code, and Section
  1575.210, Insurance Code, each month the comptroller shall transfer
  from the general revenue fund to the appropriate trust fund of the
  retirement system equal monthly installments of the contribution
  required by Subsection (a) of this section. If the appropriation
  provided by the legislature is different from the amount of state
  contribution required under Subsection (a) of this section, the
  comptroller, after the end of the fiscal year and in the same manner
  prescribed by Section 403.093(c), Government Code, and Section
  1575.210, Insurance Code, shall make adjustments in the applicable
  trust fund and the general revenue fund so that the total transfers
  during the year equal the total amount of the state contribution
  required for that year.
         (d)  Notwithstanding any other law, the contributions
  required by this section do not increase or otherwise affect
  contributions required or made under another law, including Section
  825.404, 825.4041, 825.405, 825.406, 825.407, or 825.4071,
  Government Code.
         SECTION 3.  This Act takes effect September 1, 2023.