Texas 2015 - 84th Regular

Texas Senate Bill SB1773 Latest Draft

Bill / Introduced Version Filed 03/13/2015

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                            84R2354 KFF-D
 By: Menéndez S.B. No. 1773


 A BILL TO BE ENTITLED
 AN ACT
 relating to the retirement benefits for certain elected state
 officials.
 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
 SECTION 1.  Section 813.503, Government Code, is amended by
 amending Subsection (a) and adding Subsection (a-1) to read as
 follows:
 (a)  Subject to Subsection (a-1), a [A] member may establish
 in, or have transferred to, the employee class all service credited
 in the elected class, if the contributions made to establish the
 service in the elected class equal or exceed contributions required
 of a member of the employee class for the same amount of service
 during the same time and at the same rate of compensation. Subject
 to Subsection (a-1), a [A] member or retiree who has, or had at the
 time of retirement, at least eight years of service credit in the
 elected class of membership, exclusive of military service, may
 transfer service credit between classes before or after retirement.
 (a-1)  A member or retiree who takes the oath of office for a
 position included in the elected class of membership, other than a
 district attorney or criminal district attorney, may not transfer
 service to the employee class under Subsection (a) until the person
 no longer holds that position.
 SECTION 2.  Section 814.104, Government Code, is amended by
 amending Subsections (a) and (d) and adding Subsection (e) to read
 as follows:
 (a)  Except as provided by Subsections [Subsection] (d) and
 (e) of this section, Section 814.102, or by rule adopted under
 Section 813.304(d) or 803.202(a)(2), a member who has service
 credit in the retirement system is eligible to retire and receive a
 service retirement annuity if the member:
 (1)  is at least 60 years old and has at least 5 years of
 service credit in the employee class; or
 (2)  has at least 5 years of service credit in the
 employee class and the sum of the member's age and amount of service
 credit in the employee class, including months of age and credit,
 equals or exceeds the number 80.
 (d)  Except as provided by Subsection (e) of this section,
 Section 814.102, or by rule adopted under Section 813.304(d) or
 803.202(a)(2), a member who was not a member on the date hired, was
 hired on or after September 1, 2009, and has service credit in the
 retirement system is eligible to retire and receive a service
 retirement annuity if the member:
 (1)  is at least 65 years old and has at least 10 years
 of service credit in the employee class; or
 (2)  has at least 10 years of service credit in the
 employee class and the sum of the member's age and amount of service
 credit in the employee class, including months of age and credit,
 equals or exceeds the number 80.
 (e)  A member who takes the oath of office for a position
 included in the elected class of membership, other than a district
 attorney or criminal district attorney, is not eligible to retire
 and receive a service retirement annuity under this section that is
 based on service credit transferred to the employee class from the
 elected class under Section 813.503 until the member no longer
 holds that position. This provision does not prohibit a member from
 retiring and receiving a service retirement annuity under this
 section that is based on service credit earned in a position
 included in the employee class of membership under Section 812.003.
 SECTION 3.  The change in law made by this Act applies only
 to a person who takes the oath of office for a position included in
 the elected class of membership under Section 812.002, Government
 Code, on or after the effective date of this Act.
 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, 2015.