83R4584 SGA-D
By: Lozano H.B. No. 602
A BILL TO BE ENTITLED
AN ACT
relating to the composition of the board of trustees of the Teacher
Retirement System of Texas.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Sections 825.002(a), (c), and (e), Government
Code, are amended to read as follows:
(a) The governor shall appoint, with the advice and consent
of the senate and as provided by this section, the [seven] members
of the board of trustees.
(c) The governor shall appoint three [two] members of the
board from a slate of four [three] members of the retirement system
who are currently employed by a public school district and who have
been nominated in accordance with Subsection (f) by the members of
the retirement system whose most recent credited service was
performed for a public school district. The three [two] members
hold office for staggered terms.
(e) The governor shall appoint two members [one member of
the board] from a slate of four members of the retirement system who
are currently employed by an institution of higher education and
[three persons] who have been nominated in accordance with
Subsection (f) by [the following groups collectively:
[(1)] members of the retirement system whose most
recent credited service was performed for an institution of higher
education[;
[(2) members of the retirement system whose most
recent credited service was performed for a public school district;
and
[(3) persons who have retired and are receiving
benefits from the retirement system].
SECTION 2. Sections 825.002(e-1) and 825.003, Government
Code, are repealed.
SECTION 3. (a) The change in law made by this Act does not
apply to the term of a member of the board of trustees of the Teacher
Retirement System of Texas serving as an appointee under Section
825.003, Government Code, immediately before the effective date of
this Act. Notwithstanding Section 825.004(b), Government Code,
members appointed to fill vacancies in positions appointed under
former Section 825.003, Government Code, occurring on or after the
effective date of this Act must be appointed for the remainder of
the term in accordance with Sections 825.002(c) and (e), Government
Code, as amended by this Act.
(b) The change in law made by this Act does not prohibit a
member of the board of trustees of the Teacher Retirement System of
Texas who was appointed under Section 825.003, Government Code,
before the effective date of this Act from being a nominee for or
serving as a member of the board of trustees under Section 825.002,
Government Code, on or after the effective date of this Act if the
person is otherwise qualified to serve on the board of trustees.
SECTION 4. 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 September 1, 2013.