Relating to the purchase of military service credit in the Employees Retirement System of Texas.
Impact
If enacted, the bill would significantly impact how military service is credited in the retirement system. It allows service members to count their military experience towards federal and state retirement benefits, thereby potentially improving the retirement security of active and former service members. Additionally, the bill aligns the state pension system with federal standards under the Uniformed Services Employment and Reemployment Rights Act (USERRA), ensuring that the service rights of military members are adequately maintained within Texas legislation.
Summary
House Bill 572 aims to amend the Government Code of Texas regarding military service credit within the Employees Retirement System. The bill is designed to facilitate the purchase of military service credit for members of the Texas military forces, including those on state active duty or undertaking state training and other duties. By clarifying the definitions and eligibility criteria related to military service, HB572 seeks to enhance the benefits available to individuals who have served in these capacities.
Contention
Although specific points of contention regarding HB572 from legislative discussions or public commentary were not found, the bill might encounter scrutiny around its implications on state funding for retirement systems. Lawmakers and stakeholders may debate the fiscal responsibilities associated with expanding retirement benefits to service members. It could also raise discussions on equity between state employees and military personnel, especially regarding the allocation of retirement resources and potential impacts on the overall financial health of the Employees Retirement System.
Relating to purchase of service credit in the Teacher Retirement System of Texas by certain members with federal border security service work experience.
Designates month of April of each year as "Military Child Appreciation Month" in NJ; designates last full week of April of each year as "Military Child Appreciation Week" in NJ.
Designates month of April of each year as "Military Child Appreciation Month" in NJ; designates last full week of April of each year as "Military Child Appreciation Week" in NJ.