By: Stephenson H.B. No. 2877
A BILL TO BE ENTITLED
AN ACT
relating to peace officers who are members of the Teacher
Retirement System of Texas.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Section 824.202, Government Code, is amended as
follows:
Sec. 824.202. ELIGIBILITY FOR SERVICE RETIREMENT. (a)
Except as provided by Subsections (a-1), and (a-2), and (a-3), a
member is eligible to retire and receive a standard service
retirement annuity if:
(1) the member is at least 65 years old and has at
least five years of service credit in the retirement system;
(2) the member is at least 60 years old and has at
least 20 years of service credit in the retirement system;
(3) the member is at least 50 years old and has at
least 30 years of service credit in the retirement system; or
(4) the member has at least five years of service
credit in the retirement system and the sum of the member's age and
amount of service credit in the retirement system equals the number
80.
(a-1) This subsection applies only to a person who becomes a
member of the retirement system on or after September 1, 2007, and
who is not subject to Subsection (a-2). A member subject to this
subsection is eligible to retire and receive a standard service
retirement annuity if:
(1) the member is at least 65 years old and has at
least five years of service credit in the retirement system; or
(2) the member is at least 60 years old and has at
least five years of service credit in the retirement system and the
sum of the member's age and amount of service credit in the
retirement system equals the number 80.
(a-2) This subsection applies only to a person who does not
have at least five years of service credit in the retirement system
on or before August 31, 2014, or who becomes a member of the
retirement system on or after September 1, 2014. A member subject to
this subsection is eligible to retire and receive a standard
service retirement annuity if:
(1) the member is at least 65 years old and has at
least five years of service credit in the retirement system; or
(2) the member is at least 62 years old and has at
least five years of service credit in the retirement system and the
sum of the member's age and amount of service credit in the
retirement system equals the number 80.
(a-3) Subsection (a-2) does not apply to a member who is a
peace officer licensed under Subchapter G, Chapter 1701,
Occupations Code, and who employed and commissioned as a peace
officer under Section 37.081 or 51.203, Education Code, and
assigned to the duty of a peace officer at the time the member
retires. A person described by this subsection is subject to
Subsection (a) or (a-1), as appropriate. This subsection does not
apply to a member who is employed as security personnel under
Section 37.081, Education Code, and assigned to the duty of
security personnel at the time the member retires.
(b) This subsection applies only to a person who is not
subject to Subsection (b-1), (b-2), (b-3), (d), (d-1), or
(d-2). If a member subject to this subsection is at least 55 years
old and has at least five years of service credit in the retirement
system, the member is eligible to retire and receive a service
retirement annuity reduced from the standard service retirement
annuity available under Subsection (a)(1), to a percentage derived
from the following table:
Age at date of retirement 55 56 57 58 59 60 61 62 63 64 65 Age at date of retirement 55 56 57 58 59 60 61 62 63 64 65
Age at date of retirement 55 56 57 58 59 60 61 62 63 64 65
Age at date of retirement 55 56 57 58 59 60 61 62 63 64 65 Age at date of retirement 55 56 57 58 59 60 61 62 63 64 65
Age at date of retirement 55 56 57 58 59 60 61 62 63 64 65
Percentage of standard annuity receivable 47% 51% 55% 59% 63% 67% 73% 80% 87% 93% 100% Percentage of standard annuity receivable 47% 51% 55% 59% 63% 67% 73% 80% 87% 93% 100%
Percentage of standard annuity receivable 47% 51% 55% 59% 63% 67% 73% 80% 87% 93% 100%
Percentage of standard annuity receivable 47% 51% 55% 59% 63% 67% 73% 80% 87% 93% 100% Percentage of standard annuity receivable 47% 51% 55% 59% 63% 67% 73% 80% 87% 93% 100%
Percentage of standard annuity receivable 47% 51% 55% 59% 63% 67% 73% 80% 87% 93% 100%
Percentage of standard annuity receivable 47% 51% 55% 59% 63% 67% 73% 80% 87% 93% 100% Percentage of standard annuity receivable 47% 51% 55% 59% 63% 67% 73% 80% 87% 93% 100%
Percentage of standard annuity receivable 47% 51% 55% 59% 63% 67% 73% 80% 87% 93% 100%
(b-1) This subsection applies only to a person who becomes a
member of the retirement system on or after September 1, 2007, and
who is not subject to Subsection (b-2). If a member subject to this
subsection is at least 55 years old and has at least five years of
service credit in the retirement system, but does not meet the
requirements under Subsection (d-1), the member is eligible to
retire and receive a service retirement annuity reduced from the
standard service retirement annuity available under Subsection
(a-1)(1), to a percentage derived from the following table:
Age at date of retirement 55 56 57 58 59 60 61 62 63 64 65 Age at date of retirement 55 56 57 58 59 60 61 62 63 64 65
Age at date of retirement 55 56 57 58 59 60 61 62 63 64 65
Age at date of retirement 55 56 57 58 59 60 61 62 63 64 65 Age at date of retirement 55 56 57 58 59 60 61 62 63 64 65
Age at date of retirement 55 56 57 58 59 60 61 62 63 64 65
Percentage of standard annuity receivable 47% 51% 55% 59% 63% 67% 73% 80% 87% 93% 100% Percentage of standard annuity receivable 47% 51% 55% 59% 63% 67% 73% 80% 87% 93% 100%
Percentage of standard annuity receivable 47% 51% 55% 59% 63% 67% 73% 80% 87% 93% 100%
Percentage of standard annuity receivable 47% 51% 55% 59% 63% 67% 73% 80% 87% 93% 100% Percentage of standard annuity receivable 47% 51% 55% 59% 63% 67% 73% 80% 87% 93% 100%
Percentage of standard annuity receivable 47% 51% 55% 59% 63% 67% 73% 80% 87% 93% 100%
Percentage of standard annuity receivable 47% 51% 55% 59% 63% 67% 73% 80% 87% 93% 100% Percentage of standard annuity receivable 47% 51% 55% 59% 63% 67% 73% 80% 87% 93% 100%
Percentage of standard annuity receivable 47% 51% 55% 59% 63% 67% 73% 80% 87% 93% 100%
(b-2) This subsection applies only to a person who does not
have at least five years of service credit in the retirement system
on or before August 31, 2014, or who becomes a member of the
retirement system on or after September 1, 2014. If a member subject
to this subsection is at least 55 years old and has at least five
years of service credit in the retirement system, but does not meet
the requirements under Subsection (d-2), the member is eligible to
retire and receive a service retirement annuity reduced from the
standard service retirement annuity available under Subsection
(a-2)(1), to a percentage derived from the following table:
Age at date of retirement 55 56 57 58 59 60 61 62 63 64 65 Age at date of retirement 55 56 57 58 59 60 61 62 63 64 65
Age at date of retirement 55 56 57 58 59 60 61 62 63 64 65
Age at date of retirement 55 56 57 58 59 60 61 62 63 64 65 Age at date of retirement 55 56 57 58 59 60 61 62 63 64 65
Age at date of retirement 55 56 57 58 59 60 61 62 63 64 65
Percentage of standard annuity receivable 47% 51% 55% 59% 63% 67% 73% 80% 87% 93% 100% Percentage of standard annuity receivable 47% 51% 55% 59% 63% 67% 73% 80% 87% 93% 100%
Percentage of standard annuity receivable 47% 51% 55% 59% 63% 67% 73% 80% 87% 93% 100%
Percentage of standard annuity receivable 47% 51% 55% 59% 63% 67% 73% 80% 87% 93% 100% Percentage of standard annuity receivable 47% 51% 55% 59% 63% 67% 73% 80% 87% 93% 100%
Percentage of standard annuity receivable 47% 51% 55% 59% 63% 67% 73% 80% 87% 93% 100%
Percentage of standard annuity receivable 47% 51% 55% 59% 63% 67% 73% 80% 87% 93% 100% Percentage of standard annuity receivable 47% 51% 55% 59% 63% 67% 73% 80% 87% 93% 100%
Percentage of standard annuity receivable 47% 51% 55% 59% 63% 67% 73% 80% 87% 93% 100%
(b-3) Subsection (b-2) does not apply to a member who is a
peace officer licensed under Subchapter G, Chapter 1701,
Occupations Code, and who employed and commissioned as a peace
officer under Section 37.081 or 51.203, Education Code, and
assigned to the duty of a peace officer at the time the member
retires. A person described by this subsection is subject to
Subsection (a) or (a-1), as appropriate. This subsection does not
apply to a member who is employed as security personnel under
Section 37.081, Education Code, and assigned to the duty of
security personnel at the time the member retires.
(c) Repealed by Acts 2005, 79th Leg., Ch. 1359, Sec.
55(a)(1), eff. September 1, 2005.
(d) This subsection applies only to a person who is not
subject to Subsection (d-1), or (d-2), or (d-3). If a member
subject to this subsection has at least 30 years of service credit
in the retirement system, the member is eligible to retire
regardless of age and receive a service retirement annuity
consisting of the standard service retirement annuity available
under Subsection (a) decreased by two percent for each year of age
under 50 years.
(d-1) This subsection applies only to a person who becomes a
member of the retirement system on or after September 1, 2007, and
who is not subject to Subsection (d-2), or (d-3). If the sum of the
member's age and amount of service credit in the retirement system
equals the number 80, with at least five years of service credit, or
if the member has at least 30 years of service credit in the
retirement system, the member is eligible to retire regardless of
age and receive a service retirement annuity consisting of the
standard service retirement annuity available under Subsection
(a-1)(2) decreased by five percent for each year of age under 60
years.
(d-2) This subsection applies only to a person who does not
have at least five years of service credit in the retirement system
on or before August 31, 2014, or who becomes a member of the
retirement system on or after September 1, 2014. If the sum of the
member's age and amount of service credit in the retirement system
equals the number 80, with at least five years of service credit, or
if the member has at least 30 years of service credit in the
retirement system, the member is eligible to retire regardless of
age and receive a service retirement annuity consisting of the
standard service retirement annuity available under Subsection
(a-2)(2) decreased by five percent for each year of age under 62
years.
(d-3) Subsection (d-2) does not apply to a member who is a
peace officer licensed under Subchapter G, Chapter 1701,
Occupations Code, and who employed and commissioned as a peace
officer under Section 37.081 or 51.203, Education Code, and
assigned to the duty of a peace officer at the time the member
retires. A person described by this subsection is subject to
Subsection (a) or (a-1), as appropriate. This subsection does not
apply to a member who is employed as security personnel under
Section 37.081, Education Code, and assigned to the duty of
security personnel at the time the member retires.
SECTION 2. This Act takes effect September 1, 2015.
Age at date of retirement 55 56 57 58 59 60 61 62 63 64 65
Age at date of retirement 55 56 57 58 59 60 61 62 63 64 65
Percentage of standard annuity receivable 47% 51% 55% 59% 63% 67% 73% 80% 87% 93% 100%
Percentage of standard annuity receivable 47% 51% 55% 59% 63% 67% 73% 80% 87% 93% 100%
Percentage of standard annuity receivable 47% 51% 55% 59% 63% 67% 73% 80% 87% 93% 100%
Age at date of retirement 55 56 57 58 59 60 61 62 63 64 65
Age at date of retirement 55 56 57 58 59 60 61 62 63 64 65
Percentage of standard annuity receivable 47% 51% 55% 59% 63% 67% 73% 80% 87% 93% 100%
Percentage of standard annuity receivable 47% 51% 55% 59% 63% 67% 73% 80% 87% 93% 100%
Percentage of standard annuity receivable 47% 51% 55% 59% 63% 67% 73% 80% 87% 93% 100%
Age at date of retirement 55 56 57 58 59 60 61 62 63 64 65
Age at date of retirement 55 56 57 58 59 60 61 62 63 64 65
Percentage of standard annuity receivable 47% 51% 55% 59% 63% 67% 73% 80% 87% 93% 100%
Percentage of standard annuity receivable 47% 51% 55% 59% 63% 67% 73% 80% 87% 93% 100%
Percentage of standard annuity receivable 47% 51% 55% 59% 63% 67% 73% 80% 87% 93% 100%