89R4785 RDR-F
By: Middleton S.B. No. 1128
A BILL TO BE ENTITLED
AN ACT
relating to certain employer contributions to the Teacher
Retirement System of Texas.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Section 825.4035(c), Government Code, is amended
to read as follows:
(c) An [If a member is entitled to the minimum salary for
certain school personnel under Section 21.402, Education Code, or
if a member would have been entitled to the minimum salary for
certain school personnel under former Section 16.056, Education
Code, as that section existed on January 1, 1995, the] employer
shall, in addition to any contributions required under Section
825.405, contribute monthly to the retirement system for each
[such] member described by Section 825.405(a)(1), (2), or (3):
(1) for the period beginning with the report month of
September 2014 and ending with the report month of August 2015, an
amount equal to 1.5 percent of the statutory minimum salary
determined under Section 825.405(b);
(2) beginning with the report month for September 2015
and ending with the report month of August 2019, an amount equal to
the lesser of:
(A) 1.5 percent of the statutory minimum salary
determined under Section 825.405(b); or
(B) a percentage of the statutory minimum salary
determined under Section 825.405(b) equal to 1.5 percent reduced by
one-tenth of one percent for each one-tenth of one percent that the
state contribution rate for the fiscal year to which the report
month relates is less than the state contribution rate established
for the 2015 fiscal year; and
(3) beginning with the report month of September 2019
and for each subsequent report month, an amount equal to the lesser
of:
(A) a percentage of the statutory minimum salary
determined under Section 825.405(b) equal to the rate of
contribution provided for the applicable fiscal year under
Subsection (e); or
(B) a percentage of the statutory minimum salary
determined under Section 825.405(b) equal to the percentage
provided by Paragraph (A) reduced by one-tenth of one percent for
each one-tenth of one percent that the state contribution rate for
the fiscal year to which the report month relates is less than the
state contribution rate established for that fiscal year under
Section 825.404(a-2).
SECTION 2. This Act applies beginning with the 2025-2026
school year.
SECTION 3. 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, 2025.