By: Watson S.B. No. 1285
A BILL TO BE ENTITLED
AN ACT
relating to contributions to the retirement systems for certain
police officers in certain municipalities.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Subdivision (2), Subsection (a), Section 8.01,
Chapter 452 (S.B. 738), Acts of the 72nd Legislature, Regular
Session, 1991 (Article 6243n-1, Vernon's Texas Civil Statutes), is
amended to read as follows:
(2) The city shall contribute amounts equal to 18
percent of the basic hourly earnings of each member employed by the
city for all periods on or before September 30, 2010, subject to
additional amounts as provided by Subdivision (3) of this
subsection. The city shall contribute amounts equal to 19 percent
of the basic hourly earnings of each member employed by the city for
all periods after September 30, 2010, and before October 1, 2011,
subject to additional amounts as provided by Subdivision (3) of
this subsection. The city shall contribute amounts equal to 20
percent of the basic hourly earnings of each member employed by the
city for all periods after September 30, 2011, and before October 1,
2012, subject to additional amounts as provided by Subdivision (3)
of this subsection. The city shall contribute amounts equal to 21
percent of the basic hourly earnings of each member employed by the
city for all periods after September 30, 2012, subject to
additional amounts as provided by Subdivision (3) of this
subsection. The city council may also authorize the city to make
additional contributions to the police retirement system in
whatever amount the city council may determine. Contributions by
the city shall be made each pay period.
SECTION 2. This Act takes effect September 1, 2011.