| 1 | 1 | | By: Watson S.B. No. 1917 |
|---|
| 2 | 2 | | |
|---|
| 3 | 3 | | |
|---|
| 4 | 4 | | A BILL TO BE ENTITLED |
|---|
| 5 | 5 | | AN ACT |
|---|
| 6 | 6 | | relating to contributions to the Employees Retirement System of |
|---|
| 7 | 7 | | Texas. |
|---|
| 8 | 8 | | BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
|---|
| 9 | 9 | | SECTION 1. Section 815.402(a), Government Code is amended |
|---|
| 10 | 10 | | to read as follows: |
|---|
| 11 | 11 | | (a) Except as provided by Section 813.201, each payroll |
|---|
| 12 | 12 | | period, each department or agency of the state shall cause to be |
|---|
| 13 | 13 | | deducted from each member's compensation a contribution of: |
|---|
| 14 | 14 | | (1) 8.0 [6.6 percent of the compensation if the member |
|---|
| 15 | 15 | | is not a member of the legislature, for service rendered after |
|---|
| 16 | 16 | | August 31, 2013, and before September 1, 2014; |
|---|
| 17 | 17 | | [(2) 6.9 percent of the compensation if the member is |
|---|
| 18 | 18 | | not a member of the legislature, for service rendered after August |
|---|
| 19 | 19 | | 31, 2014, and before September 1, 2015; |
|---|
| 20 | 20 | | [(3) 7.2] percent of the compensation if the member is not a |
|---|
| 21 | 21 | | member of the legislature, for service rendered after August 31, |
|---|
| 22 | 22 | | 2015, and before September 1, 2017 [2016]; |
|---|
| 23 | 23 | | (2) [(4) 7.5 percent of the compensation if the member |
|---|
| 24 | 24 | | is not a member of the legislature, for service rendered after |
|---|
| 25 | 25 | | August 31, 2016; |
|---|
| 26 | 26 | | [(5)] for service by a member who is not a member of the |
|---|
| 27 | 27 | | legislature rendered on or after September 1, 2017, the lesser of: |
|---|
| 28 | 28 | | (A) 8.0 [7.5] percent of the member's annual |
|---|
| 29 | 29 | | compensation; or |
|---|
| 30 | 30 | | (B) a percentage of the member's annual |
|---|
| 31 | 31 | | compensation equal to 8.0 [7.5] percent reduced by one-tenth of one |
|---|
| 32 | 32 | | percent for each one-tenth of one percent that the state |
|---|
| 33 | 33 | | contribution rate for the fiscal year to which the service relates |
|---|
| 34 | 34 | | is less than the state contribution rate established for the 2017 |
|---|
| 35 | 35 | | [2015] fiscal year; or |
|---|
| 36 | 36 | | (3) [(6)] eight percent of the compensation if the |
|---|
| 37 | 37 | | member is a member of the legislature. |
|---|
| 38 | 38 | | SECTION 2. Section 815.403(a)(1), Government Code is |
|---|
| 39 | 39 | | amended to read as follows: |
|---|
| 40 | 40 | | (1) an amount equal to 10.0 [7.4] percent of the total |
|---|
| 41 | 41 | | compensation of all members of the retirement system for that year; |
|---|
| 42 | 42 | | SECTION 3. Section 815.4035(a), Government Code is amended |
|---|
| 43 | 43 | | to read as follows: |
|---|
| 44 | 44 | | Sec. 815.4035. COLLECTION OF STATE RETIREMENT |
|---|
| 45 | 45 | | CONTRIBUTION. (a) Except as provided by Section 813.201, the board |
|---|
| 46 | 46 | | of trustees shall assess each employer whose employees are members |
|---|
| 47 | 47 | | of the retirement system a state retirement contribution in an |
|---|
| 48 | 48 | | amount equal to 1.0 [0.5] percent of the employer's total payroll, |
|---|
| 49 | 49 | | as determined by the General Appropriations Act. |
|---|
| 50 | 50 | | SECTION 4. This Act takes effect September 1, 2015. |
|---|