1 | 1 | | 88R6001 JCG-D |
---|
2 | 2 | | By: Vasut H.B. No. 1725 |
---|
3 | 3 | | |
---|
4 | 4 | | |
---|
5 | 5 | | A BILL TO BE ENTITLED |
---|
6 | 6 | | AN ACT |
---|
7 | 7 | | relating to the payment of certain employer contributions for |
---|
8 | 8 | | retirees of the Teacher Retirement System of Texas who resume |
---|
9 | 9 | | service. |
---|
10 | 10 | | BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
---|
11 | 11 | | SECTION 1. Section 825.4092(f), Government Code, as added |
---|
12 | 12 | | by Chapter 546 (S.B. 202), Acts of the 87th Legislature, Regular |
---|
13 | 13 | | Session, 2021, is amended to read as follows: |
---|
14 | 14 | | (f) A reporting employer may recover the cost [is ultimately |
---|
15 | 15 | | responsible for payment] of the amounts required to be contributed |
---|
16 | 16 | | under Subsections (b) and (c) from [. The employer may not directly |
---|
17 | 17 | | or indirectly pass that cost on to] the retiree through payroll |
---|
18 | 18 | | deduction, but only to the extent the deduction would not result in |
---|
19 | 19 | | the retiree's compensation equaling an amount that is less than the |
---|
20 | 20 | | minimum salary required by Section 21.402, Education Code, if |
---|
21 | 21 | | applicable [, by imposition of a fee, or by any other means designed |
---|
22 | 22 | | to recover the cost]. |
---|
23 | 23 | | SECTION 2. The changes in law made by this Act apply to a |
---|
24 | 24 | | retiree of the Teacher Retirement System of Texas regardless of |
---|
25 | 25 | | whether the person retired from employment before, on, or after the |
---|
26 | 26 | | effective date of this Act. |
---|
27 | 27 | | SECTION 3. The changes in law made by this Act apply |
---|
28 | 28 | | beginning with the 2023-2024 school year. |
---|
29 | 29 | | SECTION 4. This Act takes effect immediately if it receives |
---|
30 | 30 | | a vote of two-thirds of all the members elected to each house, as |
---|
31 | 31 | | provided by Section 39, Article III, Texas Constitution. If this |
---|
32 | 32 | | Act does not receive the vote necessary for immediate effect, this |
---|
33 | 33 | | Act takes effect September 1, 2023. |
---|