84R7507 TSR-D
By: Fallon H.B. No. 3182
A BILL TO BE ENTITLED
AN ACT
relating to the maximum service retirement annuity for members of
public retirement systems.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Chapter 810, Government Code, is amended by
adding Section 810.002 to read as follows:
Sec. 810.002. LIMIT ON AMOUNT OF SERVICE RETIREMENT
ANNUITY. (a) In this section, "public retirement system" has the
meaning assigned by Section 802.001.
(b) Notwithstanding any other law, the service retirement
annuity for service credit accrued by a member of a public
retirement system who becomes a member on or after September 1,
2015, and is eligible to retire may not exceed the gross salary of a
member of the United States armed forces on active duty at the
highest salary for pay grade O-10 as defined by 37 U.S.C. Section
201(a).
SECTION 2. This Act takes effect September 1, 2015.