88R10650 JCG-D
By: Burns, Plesa H.B. No. 3254
A BILL TO BE ENTITLED
AN ACT
relating to the purchase of service credit by certain members of the
Employees Retirement System of Texas.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Section 813.514, Government Code, is amended by
amending Subsection (a-1) and adding Subsections (f) and (g) to
read as follows:
(a-1) A member may establish service credit under this
section in the employee class only for service performed during a
90-day waiting period to become a member after beginning employment
or holding office. The member may establish service credit for each
month of any 90-day waiting period in which the member performed
service, regardless of whether the member made a contribution
during the 90-day waiting period for which the member establishes
service credit.
(f) Notwithstanding any other provision of this subtitle,
if a member purchases service credit under this section for a month
that occurred before the member's most recent date of hiring, the
retirement system shall consider for purposes of this subtitle the
member's date of hiring to be the first day of the month of the
earliest month for which service credit is purchased under this
section.
(g) The retirement system shall compute the amount of the
deposit required by this section in a manner that does not result in
an actuarial loss to the retirement system.
SECTION 2. This Act takes effect September 1, 2023.