82R4246 KFF-D
By: Otto H.B. No. 3659
A BILL TO BE ENTITLED
AN ACT
relating to contributions by public retirement systems to the State
Pension Review Board fund.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Sections 801.113(c) and (e), Government Code,
are amended to read as follows:
(c) The governing board of a [any] public retirement system
shall [may vote to] make an annual contribution to the State Pension
Review Board in an amount equal [not] to [exceed] 50 cents for each
active member and annuitant of the retirement system as of
September 1 of the year for which the contribution is made. The
contribution is payable in a lump sum.
(e) The board is authorized to conduct training sessions,
schools, or other educational activities for trustees and
administrators of public retirement systems. The board may also
furnish other appropriate services such as actuarial studies or
other requirements of systems and may establish appropriate fees
for these activities and services. [The fees may be based on
whether or not the trustees, administrators, or systems contribute
to the State Pension Review Board fund under Subsection (c) of this
section.] The net proceeds of these fees shall be deposited in the
fund.
SECTION 2. The governing board of a public retirement
system shall make the initial contribution required under Section
801.113(c), Government Code, as amended by this Act, to the State
Pension Review Board fund as required by that section on or before
September 1, 2011.
SECTION 3. This Act takes effect immediately if it receives
a vote of two-thirds of all the members elected to each house, as
provided by Section 39, Article III, Texas Constitution. If this
Act does not receive the vote necessary for immediate effect, this
Act takes effect on the 91st day after the last day of the
legislative session.