| 1 | 1 | | 88R6455 JCG-F |
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| 2 | 2 | | By: West S.B. No. 2396 |
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| 3 | 3 | | |
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| 4 | 4 | | |
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| 5 | 5 | | A BILL TO BE ENTITLED |
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| 6 | 6 | | AN ACT |
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| 7 | 7 | | relating to the payment of certain employer contributions for |
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| 8 | 8 | | employed retirees of the Teacher Retirement System of Texas. |
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| 9 | 9 | | BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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| 10 | 10 | | SECTION 1. Section 825.4092, Government Code, is amended by |
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| 11 | 11 | | amending Subsections (b) and (c) and adding Subsection (h) to read |
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| 12 | 12 | | as follows: |
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| 13 | 13 | | (b) Except as provided by Subsections [Subsection] (e) and |
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| 14 | 14 | | (h), during each payroll period for which a retiree is reported, the |
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| 15 | 15 | | employer shall contribute to the retirement system for each retiree |
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| 16 | 16 | | reported an amount based on the retiree's salary equal to the sum |
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| 17 | 17 | | of: |
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| 18 | 18 | | (1) the current contribution amount that would be |
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| 19 | 19 | | contributed by the retiree if the retiree were an active, |
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| 20 | 20 | | contributing member; and |
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| 21 | 21 | | (2) the current contribution amount authorized by the |
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| 22 | 22 | | General Appropriations Act that the state would contribute for that |
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| 23 | 23 | | retiree if the retiree were an active, contributing member. |
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| 24 | 24 | | (c) Except as provided by Subsections [Subsection] (e) and |
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| 25 | 25 | | (h), each payroll period, for each retiree who is enrolled in the |
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| 26 | 26 | | Texas Public School Employees Group Insurance Program under Chapter |
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| 27 | 27 | | 1575, Insurance Code, the employer who reports the employment of a |
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| 28 | 28 | | retiree shall contribute to the trust fund established under that |
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| 29 | 29 | | chapter an amount established by the retirement system. In |
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| 30 | 30 | | determining the amount to be contributed by the employer under this |
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| 31 | 31 | | subsection, the retirement system shall consider the amount a |
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| 32 | 32 | | retiree is required to pay for the retiree and any enrolled |
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| 33 | 33 | | dependents to participate in the group program and the cost of the |
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| 34 | 34 | | retiree's and enrolled dependents' participation in the group |
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| 35 | 35 | | program. If more than one employer reports the retiree to the |
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| 36 | 36 | | retirement system during a month, the amount of the required |
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| 37 | 37 | | payment shall be prorated among the employers. |
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| 38 | 38 | | (h) Notwithstanding Section 821.006, the retirement system |
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| 39 | 39 | | may waive all or part of the amounts required to be contributed |
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| 40 | 40 | | under Subsection (b) or (c), or both subsections, for one or more |
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| 41 | 41 | | fiscal years. |
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| 42 | 42 | | SECTION 2. The changes in law made by this Act apply |
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| 43 | 43 | | beginning with the 2022-2023 school year. |
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| 44 | 44 | | SECTION 3. This Act takes effect immediately if it receives |
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| 45 | 45 | | a vote of two-thirds of all the members elected to each house, as |
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| 46 | 46 | | provided by Section 39, Article III, Texas Constitution. If this |
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| 47 | 47 | | Act does not receive the vote necessary for immediate effect, this |
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| 48 | 48 | | Act takes effect September 1, 2023. |
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