88R33113 JCG-D
By: Huffman S.R. No. 691
R E S O L U T I O N
BE IT RESOLVED by the Senate of the State of Texas, 88th
Legislature, Regular Session, 2023, That Senate Rule 12.03 be
suspended in part as provided by Senate Rule 12.08 to enable the
conference committee appointed to resolve the differences on Senate
Bill 10 (certain benefits paid by the Teacher Retirement System of
Texas) to consider and take action on the following matters:
(1) Senate Rule 12.03(2) is suspended to permit the
committee to omit text not in disagreement in proposed SECTION 1 of
the bill, adding Section 824.703(a), Government Code, by striking
"an additional" and substituting "a".
Explanation: The change is necessary to remove unnecessary
language.
(2) Senate Rules 12.03(3) and (4), are suspended to permit
the committee to add text on a matter not in disagreement and not
included in either the house or senate version of the bill in
proposed SECTION 1 of the bill, by adding Section 824.703(c)(3),
Government Code, to read as follows:
(3) is an alternate payee under Section 804.005, to be
eligible for the adjustment:
(A) the annuitant must be living on the effective
date of the adjustment; and
(B) the effective date of the annuitant's
election to receive the annuity payment was on or before August 31,
2020.
Explanation: The change is necessary to clarify that an
alternate payee makes the election and specify that an alternate
payee must be living on the effective date of the cost-of-living
adjustment required by the proposed bill.
(3) Senate Rules 12.03(3) and (4), are suspended to permit
the committee to add text on a matter not in disagreement and not
included in either the house or senate version of the bill by adding
proposed SECTION 2(c) of the bill to read as follows:
(c) The amount of the supplemental payment is equal to:
(1) $7,500, if the annuitant is at least 75 years of
age on any day of the calendar month before the calendar month in
which the Teacher Retirement System of Texas issues the
supplemental payment; or
(2) $2,400, if the annuitant is:
(A) at least 70 years of age but younger than 75
years of age on any day of the calendar month before the calendar
month in which the Teacher Retirement System of Texas issues the
supplemental payment; and
(B) not subject to Subdivision (1) of this
subsection.
Explanation: The change is necessary to prescribe different
amounts for the supplemental payment required by the proposed bill
based on the age of the annuitant eligible for the payment.