Bill Text: TX HB131 | 2015-2016 | 84th Legislature | Introduced

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Bill Title: Relating to the standard service retirement annuity for certain members of the elected class of the Employees Retirement System of Texas.

Sponsorship: Partisan Bill (Republican 1)

Status: (Introduced - Dead) 2015-04-27 - Left pending in committee [HB131 Detail]

Download: Texas-2015-HB131-Introduced.html

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84R302 KFF-D
By: Simpson H.B. No. 131

A BILL TO BE ENTITLED
AN ACT
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 [Subsection] (b) and
(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 a person who
is first eligible to become a member of the elected class on or
after September 1, 2015, is an amount equal to the number of years
of service credit in that class, not to exceed 12 years of service
credit, times two percent of $125,000.
SECTION 2. This Act takes effect September 1, 2015.