84R13512 SGA-F
By: Huffman S.B. No. 1941
A BILL TO BE ENTITLED
AN ACT
relating to service credit and benefits under and funding
requirements for the Employees Retirement System of Texas.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Section 813.101, Government Code, is amended to
read as follows:
Sec. 813.101. DETERMINATION OF REQUIRED DEPOSITS. The
retirement system shall determine in each case the amount of money
to be deposited by a member claiming credit for membership or
military service previously canceled or not previously
established, or for any other service purchase. The system may not
provide benefits based on the claimed service until the determined
amount has been fully paid.
SECTION 2. Subchapter A, Chapter 814, Government Code, is
amended by adding Section 814.0101 to read as follows:
Sec. 814.0101. EFFECT OF MEMBERSHIP TERMINATION ON
BENEFICIARY DESIGNATION. The designation of a beneficiary under
this chapter is invalidated when a person terminates membership in
the retirement system by withdrawing the person's accumulated
contributions. A person who later resumes membership after
termination must designate a beneficiary after the resumption of
membership for the designation to be effective.
SECTION 3. Section 814.401(c), Government Code, is amended
to read as follows:
(c) A benefit is payable under this section only if the
member at the time of death was:
(1) actively employed by the state;
(2) receiving workers' compensation benefits for an
injury sustained while employed by the state; or
(3) on authorized sick leave, excluding leave without
pay or leave of absence.
SECTION 4. Section 815.403(b), Government Code, is amended
to read as follows:
(b) Before December 15 [November 2] of each even-numbered
year, the retirement system shall certify to the Legislative Budget
Board and to the budget division of the governor's office for
review:
(1) an estimate of the amount necessary to pay the
state's contribution under Subsections (a)(1), (a)(2), (a)(3), and
(a)(5) for the following biennium; [and]
(2) as a separate item, an estimate of the amount
required to administer the law enforcement and custodial officer
supplemental retirement fund for the following biennium; and
(3) as required by Section 67, Article XVI, Texas
Constitution, for financing benefits on actuarially sound
principles, the amount, based on the most recent actuarial
valuation, necessary to pay the normal cost and amortize any
unfunded liability required by the period established under Section
811.006.
SECTION 5. This Act takes effect September 1, 2015.