86R9066 TSR-D
By: Gutierrez H.B. No. 2465
A BILL TO BE ENTITLED
AN ACT
relating to the retirement eligibility of certain peace officers
who are members of the Teacher Retirement System of Texas.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Section 824.202, Government Code, is amended by
amending Subsections (a-2), (b-2), and (d-2) and adding Subsections
(a-3), (b-3), and (d-3) to read as follows:
(a-2) Except as provided by Subsection (a-3), this [This]
subsection applies only to a person who does not have at least five
years of service credit in the retirement system on or before August
31, 2014, or who becomes a member of the retirement system on or
after September 1, 2014. A member subject to this subsection is
eligible to retire and receive a standard service retirement
annuity if:
(1) the member is at least 65 years old and has at
least five years of service credit in the retirement system; or
(2) the member is at least 62 years old and has at
least five years of service credit in the retirement system and the
sum of the member's age and amount of service credit in the
retirement system equals the number 80.
(a-3) Subsection (a-2) does not apply to a member who is a
peace officer licensed under Subchapter G, Chapter 1701,
Occupations Code, and who is employed and commissioned as a peace
officer under Section 37.081 or 51.203, Education Code, and
assigned to the duty of a peace officer at the time the member
retires. A person described by this subsection is subject to
Subsection (a) or (a-1), as appropriate. This subsection does not
apply to a member who is employed as security personnel under
Section 37.081, Education Code, and assigned to the duty of
security personnel at the time the member retires.
(b-2) Except as provided by Subsection (b-3), this [This]
subsection applies only to a person who does not have at least five
years of service credit in the retirement system on or before August
31, 2014, or who becomes a member of the retirement system on or
after September 1, 2014. If a member subject to this subsection is
at least 55 years old and has at least five years of service credit
in the retirement system, but does not meet the requirements under
Subsection (d-2), the member is eligible to retire and receive a
service retirement annuity reduced from the standard service
retirement annuity available under Subsection (a-2)(1), to a
percentage derived from the following table:
Age at date of retirement 55 56 57 58 59 60 61 62 63 64 65 Age at date of retirement 55 56 57 58 59 60 61 62 63 64 65
Age at date of retirement 55 56 57 58 59 60 61 62 63 64 65
Age at date of retirement 55 56 57 58 59 60 61 62 63 64 65 Age at date of retirement 55 56 57 58 59 60 61 62 63 64 65
Age at date of retirement 55 56 57 58 59 60 61 62 63 64 65
Percentage of standard annuity receivable 47% 51% 55% 59% 63% 67% 73% 80% 87% 93% 100% Percentage of standard annuity receivable 47% 51% 55% 59% 63% 67% 73% 80% 87% 93% 100%
Percentage of standard annuity receivable 47% 51% 55% 59% 63% 67% 73% 80% 87% 93% 100%
Percentage of standard annuity receivable 47% 51% 55% 59% 63% 67% 73% 80% 87% 93% 100% Percentage of standard annuity receivable 47% 51% 55% 59% 63% 67% 73% 80% 87% 93% 100%
Percentage of standard annuity receivable 47% 51% 55% 59% 63% 67% 73% 80% 87% 93% 100%
Percentage of standard annuity receivable 47% 51% 55% 59% 63% 67% 73% 80% 87% 93% 100% Percentage of standard annuity receivable 47% 51% 55% 59% 63% 67% 73% 80% 87% 93% 100%
Percentage of standard annuity receivable 47% 51% 55% 59% 63% 67% 73% 80% 87% 93% 100%
(b-3) Subsection (b-2) does not apply to a member who is a
peace officer licensed under Subchapter G, Chapter 1701,
Occupations Code, and who is employed and commissioned as a peace
officer under Section 37.081 or 51.203, Education Code, and
assigned to the duty of a peace officer at the time the member
retires. A person described by this subsection is subject to
Subsection (b) or (b-1), as appropriate. This subsection does not
apply to a member who is employed as security personnel under
Section 37.081, Education Code, and assigned to the duty of
security personnel at the time the member retires.
(d-2) Except as provided by Subsection (d-3), this [This]
subsection applies only to a person who does not have at least five
years of service credit in the retirement system on or before August
31, 2014, or who becomes a member of the retirement system on or
after September 1, 2014. If the sum of the member's age and amount
of service credit in the retirement system equals the number 80,
with at least five years of service credit, or if the member has at
least 30 years of service credit in the retirement system, the
member is eligible to retire regardless of age and receive a service
retirement annuity consisting of the standard service retirement
annuity available under Subsection (a-2)(2) decreased by five
percent for each year of age under 62 years.
(d-3) Subsection (d-2) does not apply to a member who is a
peace officer licensed under Subchapter G, Chapter 1701,
Occupations Code, and who is employed and commissioned as a peace
officer under Section 37.081 or 51.203, Education Code, and
assigned to the duty of a peace officer at the time the member
retires. A person described by this subsection is subject to
Subsection (d) or (d-1), as appropriate. This subsection does not
apply to a member who is employed as security personnel under
Section 37.081, Education Code, and assigned to the duty of
security personnel at the time the member retires.
SECTION 2. Section 824.202, Government Code, as amended by
this Act, applies only to a peace officer who is a member of the
Teacher Retirement System of Texas and who retires on or after the
effective date of this Act. A peace officer who is a member of the
Teacher Retirement System of Texas and who retires before the
effective date of this Act is subject to the law in effect on the
date the peace officer retired, and that law is continued in effect
for that purpose.
SECTION 3. This Act takes effect September 1, 2019.
Age at date of retirement 55 56 57 58 59 60 61 62 63 64 65
Age at date of retirement 55 56 57 58 59 60 61 62 63 64 65
Percentage of standard annuity receivable 47% 51% 55% 59% 63% 67% 73% 80% 87% 93% 100%
Percentage of standard annuity receivable 47% 51% 55% 59% 63% 67% 73% 80% 87% 93% 100%
Percentage of standard annuity receivable 47% 51% 55% 59% 63% 67% 73% 80% 87% 93% 100%