84R10628 KFF-D
By: Alonzo H.B. No. 3573
A BILL TO BE ENTITLED
AN ACT
relating to the composition of the board of trustees of the
Employees Retirement System of Texas.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Section 815.001, Government Code, is amended to
read as follows:
Sec. 815.001. COMPOSITION OF BOARD OF TRUSTEES. The board
of trustees is composed of seven [six] members.
SECTION 2. Section 815.003, Government Code, is amended by
amending Subsections (a) through (d) and adding Subsection (b-1) to
read as follows:
(a) Four [Three] members of the board of trustees are
nominated and elected by members of the retirement system and
retirees under rules adopted by the board.
(b) Three elected members [To be eligible to serve as an
elected member] of the board[, a person] must be members [a member]
of the retirement system and must hold positions [a position] that:
(1) are [is] included in the employee class of
membership; and
(2) are [is] not with an agency or department with
which another trustee holds a position.
(b-1) One elected member must be a retiree.
(c) Elected trustees hold office for staggered terms of six
years, with the term of one or two trustees, as appropriate,
[trustee] expiring on August 31 of each odd-numbered year.
(d) The board shall hold elections for the members and
retirees to nominate and elect the appropriate number of trustees
[a trustee] before August 31 of each odd-numbered year. The board
shall make ballots available to members of the retirement system
and retirees and all votes must be cast on those ballots.
SECTION 3. The changes in law made by this Act apply only to
an election of a member of the board of trustees of the Employees
Retirement System of Texas that occurs on or after the effective
date of this Act. At the first election that occurs on or after the
effective date of this Act, members of the retirement system and
retirees shall elect:
(1) a retiree of the Employees Retirement System of
Texas as required by Section 815.003(b-1), Government Code, as
added by this Act; and
(2) a member to fill the expiring elected position.
SECTION 4. This Act takes effect September 1, 2015.