S.B. No. 1286
AN ACT
relating to the funding of retirement systems for firefighters in
certain municipalities.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Subsections (a) and (b), Section 10.01, Chapter
183 (S.B. 598), Acts of the 64th Legislature, Regular Session, 1975
(Article 6243e.1, Vernon's Texas Civil Statutes), are amended to
read as follows:
(a) Each municipality in which a fire department to which
this Act applies is located shall appropriate and contribute to the
fund an amount equal to a percentage [18.05 percent] of the
compensation of all members during that month as follows:
(1) 19.05 percent, beginning on the first pay date
following September 30, 2010, through the pay date immediately
preceding September 30, 2011;
(2) 20.05 percent, beginning on the first pay date
following September 30, 2011, through the pay date immediately
preceding September 30, 2012;
(3) 21.05 percent, for 24 pay dates of the
municipality beginning on the first pay date following September
30, 2012; and
(4) 22.05 percent, for all pay dates of the
municipality that follow the 24 pay dates referenced in Subdivision
(3) of this subsection.
(b) Each firefighter shall pay into the fund each month a
percentage [13.70 percent] of the firefighter's compensation for
that month as follows:
(1) 15.70 percent, for the pay dates of the
municipality following September 30, 2010, through the pay date
immediately preceding September 30, 2011;
(2) 16.20 percent, beginning on the first pay date of
the municipality following September 30, 2011, through the pay date
immediately preceding September 30, 2012;
(3) 16.70 percent, beginning on the first pay date of
the municipality following September 30, 2012, through the pay date
immediately preceding September 30, 2013;
(4) 17.20 percent, beginning on the first pay date of
the municipality following September 30, 2013, through the pay date
immediately preceding September 30, 2014;
(5) 17.70 percent, beginning on the first pay date of
the municipality following September 30, 2014, through the pay date
immediately preceding September 30, 2015;
(6) 18.20 percent, beginning on the first pay date of
the municipality following September 30, 2015, through the pay date
immediately preceding September 30, 2016; and
(7) 18.70 percent, for the first pay date of the
municipality following September 30, 2016, and all subsequent pay
dates of the municipality.
SECTION 2. This Act takes effect September 1, 2011.
______________________________ ______________________________
President of the Senate Speaker of the House
I hereby certify that S.B. No. 1286 passed the Senate on
May 5, 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. 1286 passed the House, with
amendment, on May 25, 2011, by the following vote: Yeas 115,
Nays 31, three present not voting.
______________________________
Chief Clerk of the House
Approved:
______________________________
Date
______________________________
Governor