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A BILL TO BE ENTITLED
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AN ACT
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relating to the standard service retirement benefits for members of |
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the Teacher 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. Section 824.203(a), Government Code, is amended |
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to read as follows: |
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(a) Except as provided by Subsections (c) and (d), the |
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standard service retirement annuity is an amount computed on the |
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basis of the member's average annual compensation for the five |
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years of service, whether or not consecutive, in which the member |
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received the highest annual compensation, times 2.5 [2.3] percent |
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for each year of service credit in the retirement system. |
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SECTION 2. This Act takes effect September 1, 2023. |