87R11016 JCG-D
By: Murphy H.J.R. No. 138
A JOINT RESOLUTION
proposing a constitutional amendment removing the limit on the
state's contribution to the Employees Retirement System of Texas.
BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Section 67(b)(3), Article XVI, Texas
Constitution, is amended to read as follows:
(3) The amount contributed by a person participating
in the Employees Retirement System of Texas or the Teacher
Retirement System of Texas shall be established by the legislature
but may not be less than six percent of current compensation. The
amount contributed by the state to the Employees Retirement System
of Texas may not be less than six percent of the aggregate
compensation paid to individuals participating in the system. The
amount contributed by the state to the Teacher Retirement System of
Texas may not be less than six percent nor more than 10 percent of
the aggregate compensation paid to individuals participating in the
system. In an emergency, as determined by the governor, the
legislature may appropriate such additional sums as are actuarially
determined to be required to fund benefits authorized by law.
SECTION 2. This proposed constitutional amendment shall be
submitted to the voters at an election to be held November 2, 2021.
The ballot shall be printed to permit voting for or against the
proposition: "The constitutional amendment removing the limit on
the state's contributions to the Employees Retirement System of
Texas."