By: Watson S.B. No. 1146
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 815.003, Government Code, is amended by
adding new Subsection (b-1) to read as follows:
(b-1) A retiree may serve as an elected member.
SECTION 2. 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, 2015.