85R796 KFF-D
By: King of Uvalde H.B. No. 2353
A BILL TO BE ENTITLED
AN ACT
relating to the composition of the State Pension Review Board.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Section 801.102(a), Government Code, is amended
to read as follows:
(a) The board is composed of nine [seven] members.
SECTION 2. Section 801.103, Government Code, is amended to
read as follows:
Sec. 801.103. MEMBERS APPOINTED BY GOVERNOR. (a) The
governor shall appoint, with the advice and consent of the senate,
[seven] members to the board.
(b) The governor shall appoint to the board:
(1) three persons who have experience in the fields of
securities investment, pension administration, or pension law but
who are not members or retirees of a public retirement system;
(2) one person who is a fellow of the Society of
Actuaries, a member of the American Academy of Actuaries, or an
enrolled actuary under the federal Employee Retirement Income
Security Act of 1974 (29 U.S.C. Sec. 1001 et seq.);
(3) one person who has experience in the field of
governmental finance;
(4) one person who is a contributing member of a public
retirement system; [and]
(5) one person who is receiving retirement benefits
from a public retirement system;
(6) one person who is selected from a list of three
names submitted to the governor by the Texas State Association of
Fire Fighters; and
(7) one person who is selected from a list of six names
submitted to the governor as follows:
(A) a list of three names submitted by the Texas
Municipal Police Association; and
(B) a list of three names submitted by the
Combined Law Enforcement Associations of Texas.
SECTION 3. Section 801.106, Government Code, is amended to
read as follows:
Sec. 801.106. TERMS OF OFFICE. Members of the board hold
office for staggered terms of six years, with the terms of [two or]
three members[, as appropriate,] expiring on January 31 of each
odd-numbered year.
SECTION 4. As soon as practicable after the effective date
of this Act, the governor shall appoint the two additional members
to the State Pension Review Board from lists provided to the
governor as required by Section 801.103, Government Code, as
amended by this Act. Notwithstanding Section 801.106, Government
Code, as amended by this Act, the members appointed under this
section serve terms expiring January 31, 2023.
SECTION 5. 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, 2017.