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R E S O L U T I O N
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BE IT RESOLVED by the Senate of the State of Texas, 88th |
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Legislature, Regular Session, 2023, That Senate Rule 12.03 be |
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suspended in part as provided by Senate Rule 12.08 to enable the |
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conference committee appointed to resolve the differences on Senate |
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Bill 10 (certain benefits paid by the Teacher Retirement System of |
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Texas) to consider and take action on the following matters: |
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(1) Senate Rule 12.03(2) is suspended to permit the |
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committee to omit text not in disagreement in proposed SECTION 1 of |
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the bill, adding Section 824.703(a), Government Code, by striking |
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"an additional" and substituting "a". |
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Explanation: The change is necessary to remove unnecessary |
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language. |
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(2) Senate Rules 12.03(3) and (4), are suspended to permit |
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the committee to add text on a matter not in disagreement and not |
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included in either the house or senate version of the bill in |
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proposed SECTION 1 of the bill, by adding Section 824.703(c)(3), |
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Government Code, to read as follows: |
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(3) is an alternate payee under Section 804.005, to be |
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eligible for the adjustment: |
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(A) the annuitant must be living on the effective |
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date of the adjustment; and |
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(B) the effective date of the annuitant's |
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election to receive the annuity payment was on or before August 31, |
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2020. |
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Explanation: The change is necessary to clarify that an |
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alternate payee makes the election and specify that an alternate |
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payee must be living on the effective date of the cost-of-living |
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adjustment required by the proposed bill. |
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(3) Senate Rules 12.03(3) and (4), are suspended to permit |
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the committee to add text on a matter not in disagreement and not |
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included in either the house or senate version of the bill by adding |
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proposed SECTION 2(c) of the bill to read as follows: |
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(c) The amount of the supplemental payment is equal to: |
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(1) $7,500, if the annuitant is at least 75 years of |
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age on any day of the calendar month before the calendar month in |
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which the Teacher Retirement System of Texas issues the |
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supplemental payment; or |
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(2) $2,400, if the annuitant is: |
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(A) at least 70 years of age but younger than 75 |
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years of age on any day of the calendar month before the calendar |
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month in which the Teacher Retirement System of Texas issues the |
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supplemental payment; and |
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(B) not subject to Subdivision (1) of this |
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subsection. |
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Explanation: The change is necessary to prescribe different |
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amounts for the supplemental payment required by the proposed bill |
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based on the age of the annuitant eligible for the payment. |