Bill Text: TX HB2295 | 2019-2020 | 86th Legislature | Introduced


Bill Title: Relating to the state contribution to the Teacher Retirement System of Texas.

Spectrum: Bipartisan Bill

Status: (Introduced - Dead) 2019-03-06 - Referred to Pensions, Investments & Financial Services [HB2295 Detail]

Download: Texas-2019-HB2295-Introduced.html
  86R3278 LED-D
 
  By: Canales H.B. No. 2295
 
 
 
A BILL TO BE ENTITLED
 
AN ACT
  relating to the state contribution to the Teacher Retirement System
  of Texas.
         BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
         SECTION 1.  Section 825.404(a), Government Code, is amended
  to read as follows:
         (a)  Except as provided by Subsection (a-1), during each
  fiscal year, the state shall contribute to the retirement system an
  amount equal to at least seven [six] and not more than 10 percent of
  the aggregate annual compensation of all members of the retirement
  system during that fiscal year.
         SECTION 2.  This Act takes effect September 1, 2019.
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