Bill Text: TX HB1150 | 2019-2020 | 86th Legislature | Introduced
Bill Title: Relating to the standard service retirement annuity for members of the legislature and the lieutenant governor.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Introduced - Dead) 2019-02-26 - Referred to Pensions, Investments & Financial Services [HB1150 Detail]
Download: Texas-2019-HB1150-Introduced.html
86R1638 LED-D | ||
By: Hinojosa | H.B. No. 1150 |
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relating to the standard service retirement annuity for members of | ||
the legislature and the lieutenant governor. | ||
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
SECTION 1. Section 814.103, Government Code, is amended to | ||
read as follows: | ||
Sec. 814.103. SERVICE RETIREMENT BENEFITS FOR ELECTED CLASS | ||
SERVICE. (a) Except as provided by Subsection (b), the standard | ||
service retirement annuity for service credited in the elected | ||
class of membership for a person described by Section | ||
812.002(a)(1), other than the lieutenant governor, or a person | ||
described by Section 812.002(a)(3) is an amount equal to the number | ||
of years of service credit in that class, times two percent of the | ||
state salary, excluding longevity pay payable under Section | ||
659.0445 and as adjusted from time to time, being paid a district | ||
judge. | ||
(b) The standard service retirement annuity for service | ||
credited in the elected class computed under Subsection (a) may not | ||
exceed at any time 100 percent of the state salary being paid a | ||
district judge. | ||
(c) The standard service retirement annuity for service | ||
credited in the elected class of membership for the lieutenant | ||
governor or a person described by Section 812.002(a)(2) is an | ||
amount equal to the amount of the average standard service | ||
retirement annuity of a full-time certified classroom teacher who | ||
retired from employment with the public free schools of this state | ||
in the preceding calendar year as determined by the Teacher | ||
Retirement System of Texas. | ||
(d) Not later than February 1 of each year, the Teacher | ||
Retirement System of Texas shall make the determination required | ||
under Subsection (c) with respect to the preceding calendar year | ||
and notify the lieutenant governor, members of the legislature, and | ||
the retirement system of its determination. | ||
SECTION 2. Section 814.103, Government Code, as amended by | ||
this Act, applies only to the standard service retirement annuity | ||
of a member of the elected class who is first eligible to become a | ||
member of the elected class on or after January 1, 2020. The | ||
standard service retirement annuity of a member of the elected | ||
class who is first eligible to become a member of the elected class | ||
before January 1, 2020, is governed by the law as it existed | ||
immediately before that date, and that law is continued in effect | ||
for that purpose. | ||
SECTION 3. This Act takes effect on the date on which the | ||
constitutional amendment proposed by the 86th Legislature, Regular | ||
Session, 2019, setting the salaries of members of the legislature | ||
and the lieutenant governor based on the average public school | ||
teacher salary in this state is approved by the voters. If that | ||
amendment is not approved by the voters, this Act has no effect. |