S.B. No. 1285
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. Subdivisions (1) and (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), are amended to read as follows:
(1) Deposits by the members to the police retirement
system shall be made at a rate of at least 13 [six] percent of the
basic hourly earnings of each member. Deposits required to be made
by members shall be deducted from payroll. On recommendation of the
board, the Active--Contributory members may by a majority of those
voting increase the rate of member deposits above 13 [six] percent
to whatever amount the board has recommended. If the deposit rate
for members has been increased to a rate above 13 [six] percent, the
rate may be decreased if the board recommends the decrease, the
board's actuary approves the decrease, and a majority of the
Active--Contributory members voting on the matter approve the
decrease.
(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.
______________________________ ______________________________
President of the Senate Speaker of the House
I hereby certify that S.B. No. 1285 passed the Senate on
May 10, 2011, by the following vote: Yeas 31, Nays 0; and that the
Senate concurred in House amendment on May 27, 2011, by the
following vote: Yeas 31, Nays 0.
______________________________
Secretary of the Senate
I hereby certify that S.B. No. 1285 passed the House, with
amendment, on May 25, 2011, by the following vote: Yeas 107,
Nays 35, three present not voting.
______________________________
Chief Clerk of the House
Approved:
______________________________
Date
______________________________
Governor