Bill Text: TX HB1119 | 2017-2018 | 85th Legislature | Introduced
Bill Title: Relating to the standard service retirement annuity for certain members of the elected class of the Employees Retirement System of Texas.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Introduced - Dead) 2017-04-10 - Left pending in committee [HB1119 Detail]
Download: Texas-2017-HB1119-Introduced.html
85R5321 LED-F | ||
By: Fallon | H.B. No. 1119 |
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relating to the standard service retirement annuity for certain | ||
members of the elected class of the Employees Retirement System of | ||
Texas. | ||
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
SECTION 1. Section 814.103, Government Code, is amended by | ||
amending Subsection (a) and adding Subsection (c) to read as | ||
follows: | ||
(a) Except as provided by Subsections [ |
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(c), 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 two percent of the | ||
state salary, excluding longevity pay payable under Section | ||
659.0445 and as adjusted from time to time, being paid a district | ||
judge. | ||
(c) The standard service retirement annuity for service | ||
credited in the elected class of membership all of which was earned | ||
as a member of the legislature is an amount equal to the number of | ||
years of service credit in that class, times two percent of | ||
$140,000. | ||
SECTION 2. The change in law made by this Act applies only | ||
to the standard service retirement annuity for a person who is first | ||
eligible to become a member of the elected class on or after | ||
September 1, 2017. A person who is first eligible to become a | ||
member of the elected class before the effective date of this Act is | ||
governed by the law in effect immediately before the effective date | ||
of this Act, and the former law is continued in effect for that | ||
purpose. | ||
SECTION 3. This Act takes effect September 1, 2017. |