Bill Text: TX HB3645 | 2011-2012 | 82nd Legislature | Introduced

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Bill Title: Relating to state contributions made to fund the Teacher Retirement System of Texas and certain group benefits for retired school employees.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Introduced - Dead) 2011-03-23 - Referred to Pensions, Investments & Financial Services [HB3645 Detail]

Download: Texas-2011-HB3645-Introduced.html

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82R5550 KFF-D
By: Pitts H.B. No. 3645

A BILL TO BE ENTITLED
AN ACT
relating to state contributions made to fund the Teacher Retirement
System of Texas and certain group benefits for retired school
employees.
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) During each fiscal year, the state shall contribute to
the retirement system an amount equal to at least six and not more
than 10 percent of the aggregate annual compensation of all members
of the retirement system during that fiscal year. [The amount of
the state contribution made under this section may not be less than
the amount contributed by members during that fiscal year in
accordance with Section 825.402.]
SECTION 2. Section 1575.202(a), Insurance Code, is amended
to read as follows:
(a) Each state fiscal year, the state shall contribute to
the fund an amount equal to 0.5 [one] percent of the salary of each
active employee.
SECTION 3. The changes in law made by this Act apply
beginning with the state fiscal year that begins September 1, 2011.
SECTION 4. This Act takes effect September 1, 2011.