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A BILL TO BE ENTITLED
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AN ACT
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relating to the service retirement eligibility and benefits of |
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certain members of the 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. Sections 814.103(a) and (a-1), Government Code, |
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are amended to read as follows: |
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(a) Except as provided by Subsection (a-1) or (b), the |
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standard service retirement annuity for service credited in the |
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elected class of membership is an amount equal to the number of |
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years of service credit in that class, times 2.3 percent of $140,000 |
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[the state base salary, excluding longevity pay payable under |
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Section 659.0445 and as adjusted from time to time, being paid to a |
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district judge as set by the General Appropriations Act in |
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accordance with Section 659.012(a)]. |
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(a-1) 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 member of the class under Section |
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812.002(a)(3) whose effective date of retirement is on or after |
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September 1, 2019, is an amount equal to the number of years of |
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service credit in that class, times 2.3 percent of the state salary, |
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excluding longevity pay payable under Section 659.0445 [and as |
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adjusted from time to time], being paid in accordance with Section |
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659.012 to a district judge who has the same number of years of |
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contributing service credit as the member on the member's last day |
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of service as a district or criminal district attorney, as |
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applicable. |
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SECTION 2. Section 814.109, Government Code, is repealed. |
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SECTION 3. The change in law made by this Act to Section |
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814.109, Government Code, applies only to an individual who retires |
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on or after the effective date of this Act. An individual who |
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retires before the effective date of this Act is governed by the law |
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in effect immediately before that date, and the former law is |
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continued in effect for that purpose. |
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SECTION 4. This Act takes effect immediately if it receives |
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a vote of two-thirds of all the members elected to each house, as |
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provided by Section 39, Article III, Texas Constitution. If this |
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Act does not receive the vote necessary for immediate effect, this |
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Act takes effect September 1, 2023. |