86R1638 LED-D
By: Hinojosa H.B. No. 1150
A BILL TO BE ENTITLED
AN ACT
relating to the standard service retirement annuity for members of
the legislature and the lieutenant governor.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Section 814.103, Government Code, is amended to
read as follows:
Sec. 814.103. SERVICE RETIREMENT BENEFITS FOR ELECTED CLASS
SERVICE. (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)(1), other than the lieutenant governor, or 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.
(b) The standard service retirement annuity for service
credited in the elected class computed under Subsection (a) may not
exceed at any time 100 percent of the state salary being paid a
district judge.
(c) The standard service retirement annuity for service
credited in the elected class of membership for the lieutenant
governor or a person described by Section 812.002(a)(2) is an
amount equal to the amount of the average standard service
retirement annuity of a full-time certified classroom teacher who
retired from employment with the public free schools of this state
in the preceding calendar year as determined by the Teacher
Retirement System of Texas.
(d) Not later than February 1 of each year, the Teacher
Retirement System of Texas shall make the determination required
under Subsection (c) with respect to the preceding calendar year
and notify the lieutenant governor, members of the legislature, and
the retirement system of its determination.
SECTION 2. Section 814.103, Government Code, as amended by
this Act, applies only to the standard service retirement annuity
of a member of the elected class who is first eligible to become a
member of the elected class on or after January 1, 2020. The
standard service retirement annuity of a member of the elected
class who is first eligible to become a member of the elected class
before January 1, 2020, is governed by the law as it existed
immediately before that date, and that law is continued in effect
for that purpose.
SECTION 3. This Act takes effect on the date on which the
constitutional amendment proposed by the 86th Legislature, Regular
Session, 2019, setting the salaries of members of the legislature
and the lieutenant governor based on the average public school
teacher salary in this state is approved by the voters. If that
amendment is not approved by the voters, this Act has no effect.