88R21944 JCG-F
By: Huffman, et al. S.B. No. 1509
(Bonnen)
Substitute the following for S.B. No. 1509: No.
A BILL TO BE ENTITLED
AN ACT
relating to the service retirement eligibility and benefits of
certain members of the Employees Retirement System of Texas.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Sections 814.103(a) and (a-1), Government Code,
are amended to read as follows:
(a) Except as provided by Subsection (a-1) or (b), the
standard service retirement annuity for service credited in the
elected class of membership is an amount equal to the number of
years of service credit in that class, times 2.3 percent of $140,000
[the state base salary, excluding longevity pay payable under
Section 659.0445 and as adjusted from time to time, being paid to a
district judge as set by the General Appropriations Act in
accordance with Section 659.012(a)].
(a-1) Except as provided by Subsection (b), the standard
service retirement annuity for service credited in the elected
class of membership for a member of the class under Section
812.002(a)(3) whose effective date of retirement is on or after
September 1, 2019, is an amount equal to the number of years of
service credit in that class, times 2.3 percent of the state salary,
excluding longevity pay payable under Section 659.0445 [and as
adjusted from time to time], being paid in accordance with Section
659.012 to a district judge who has the same number of years of
contributing service credit as the member on the member's last day
of service as a district or criminal district attorney, as
applicable.
SECTION 2. Section 814.109, Government Code, is repealed.
SECTION 3. The change in law made by this Act to Section
814.109, Government Code, applies only to an individual who retires
on or after the effective date of this Act. An individual who
retires before the effective date of this Act is governed by the law
in effect immediately before that date, and the former law is
continued in effect for that purpose.
SECTION 4. This Act takes effect immediately if it receives
a vote of two-thirds of all the members elected to each house, as
provided by Section 39, Article III, Texas Constitution. If this
Act does not receive the vote necessary for immediate effect, this
Act takes effect September 1, 2023.