| 1 | 1 | | 89R16026 RDR-F |
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| 2 | 2 | | By: Parker S.B. No. 2491 |
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| 3 | 3 | | |
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| 4 | 4 | | |
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| 5 | 5 | | |
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| 6 | 6 | | |
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| 7 | 7 | | A BILL TO BE ENTITLED |
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| 8 | 8 | | AN ACT |
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| 9 | 9 | | relating to employer contributions for retirees of the Teacher |
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| 10 | 10 | | Retirement System of Texas who resume certain employment with a |
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| 11 | 11 | | public school. |
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| 12 | 12 | | BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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| 13 | 13 | | SECTION 1. Section 825.4092, Government Code, is amended by |
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| 14 | 14 | | amending Subsection (b) and adding Subsection (b-1) to read as |
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| 15 | 15 | | follows: |
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| 16 | 16 | | (b) Except as provided by Subsection (e) and subject to |
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| 17 | 17 | | Subsection (b-1), during each payroll period for which a retiree is |
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| 18 | 18 | | reported, the employer shall contribute to the retirement system |
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| 19 | 19 | | for each retiree reported an amount based on the retiree's salary |
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| 20 | 20 | | equal to the difference between [sum of]: |
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| 21 | 21 | | (1) the sum of: |
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| 22 | 22 | | (A) the current contribution amount that would be |
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| 23 | 23 | | contributed by the retiree if the retiree were an active, |
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| 24 | 24 | | contributing member; and |
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| 25 | 25 | | (B) [(2)] the current contribution amount |
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| 26 | 26 | | authorized by the General Appropriations Act that the state would |
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| 27 | 27 | | contribute for that retiree if the retiree were an active, |
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| 28 | 28 | | contributing member; and |
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| 29 | 29 | | (2) as determined by the actuary of the retirement |
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| 30 | 30 | | system, an amount equal to a percentage of the retiree's |
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| 31 | 31 | | compensation attributable to the payroll period where the |
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| 32 | 32 | | percentage is the estimated normal cost of the retirement system |
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| 33 | 33 | | for the current year expressed as a percentage of aggregate annual |
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| 34 | 34 | | compensation of all members of the retirement system. |
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| 35 | 35 | | (b-1) Subsection (b) applies only if the amount under |
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| 36 | 36 | | Subsection (b)(1) exceeds the amount under Subsection (b)(2). If |
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| 37 | 37 | | during a payroll period the amount under Subsection (b)(2) exceeds |
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| 38 | 38 | | the amount under Subsection (b)(1), the employer is not required to |
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| 39 | 39 | | make a contribution under Subsection (b). |
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| 40 | 40 | | SECTION 2. The changes in law made by this Act apply |
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| 41 | 41 | | beginning with the 2025-2026 school year. |
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| 42 | 42 | | SECTION 3. This Act takes effect immediately if it receives |
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| 43 | 43 | | a vote of two-thirds of all the members elected to each house, as |
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| 44 | 44 | | provided by Section 39, Article III, Texas Constitution. If this |
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| 45 | 45 | | Act does not receive the vote necessary for immediate effect, this |
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| 46 | 46 | | Act takes effect September 1, 2025. |
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