85R3355 LED-F
By: Seliger S.B. No. 685
A BILL TO BE ENTITLED
AN ACT
relating to the standard service retirement annuity for certain
members of the elected class of the Employees Retirement System of
Texas.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Section 814.103, Government Code, is amended by
amending Subsection (a) and adding Subsection (c) to read as
follows:
(a) Except as provided by Subsection (b), the standard
service retirement annuity for service credited in the elected
class of membership for a person described by Section 812.002(a)(3)
is an amount equal to the number of years of service credit in that
class, times two percent of the state salary, excluding longevity
pay payable under Section 659.0445 and as adjusted from time to
time, being paid a district judge.
(c) The standard service retirement annuity for service
credited in the elected class of membership for a person described
by Section 812.002(a)(1) or (2) is an amount equal to the number of
years of service credit in that class, times two percent of the
state salary being paid a district judge on August 31, 2017,
excluding longevity pay payable under Section 659.0445.
SECTION 2. The change in law made by this Act applies only
to the standard service retirement annuity for a person who retires
on or after September 1, 2017. A person who retires before the
effective date of this Act is governed by the law in effect
immediately before the effective date of this Act, and the former
law is continued in effect for that purpose.
SECTION 3. This Act takes effect September 1, 2017.