Bill Text: TX HB1648 | 2021-2022 | 87th Legislature | Introduced

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Bill Title: Relating to participation of certain nongovernmental entities in the Texas County and District Retirement System and the Texas Municipal Retirement System.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Introduced - Dead) 2021-03-09 - Referred to Pensions, Investments & Financial Services [HB1648 Detail]

Download: Texas-2021-HB1648-Introduced.html

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87R2364 KFF-D
By: Middleton H.B. No. 1648

A BILL TO BE ENTITLED
AN ACT
relating to participation of certain nongovernmental entities in
the Texas County and District Retirement System and the Texas
Municipal Retirement System.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Section 841.001(17), Government Code, is amended
to read as follows:
(17) "Subdivision" means a political subdivision of
the state that is not eligible to participate in any other statewide
retirement system or that is not currently participating in a
retirement system established by the legislature. The term
includes [the Texas Association of Counties,] the retirement
system[,] and a city-county hospital jointly managed under
Subchapter B, Chapter 265, Health and Safety Code. The term does
not include a branch, division, department, employee
classification group, or other separately identified component of a
political subdivision.
SECTION 2. Section 852.005(a), Government Code, is amended
to read as follows:
(a) For the purposes of this subtitle, the Texas Municipal
Retirement System has [and, as limited by Subsection (b), the Texas
Municipal League, have] the standing of a municipality
[municipalities].
SECTION 3. (a) Section 841.001, Government Code, as
amended by this Act:
(1) applies only with respect to a person who becomes
an employee of the Texas Association of Counties on or after the
effective date of this Act; and
(2) does not affect the rights or benefits of a person
who, on the effective date of this Act, is a member, retiree,
annuitant, beneficiary, or alternate payee of the Texas County and
District Retirement System.
(b) Notwithstanding Section 841.001, Government Code, as
amended by this Act, the Texas Association of Counties shall
continue participation in the Texas County and District Retirement
System only to the extent necessary to ensure the provision of
retirement and related disability and death benefits, as
applicable, for persons described by Subsection (a)(2) of this
section.
(c) The board of trustees of the Texas County and District
Retirement System shall adopt rules the board determines necessary
to implement this section.
SECTION 4. (a) Section 852.005, Government Code, as
amended by this Act:
(1) applies only with respect to a person who becomes
an employee of the Texas Municipal League on or after the effective
date of this Act; and
(2) does not affect the rights or benefits of a person
who, on the effective date of this Act, is a member, retiree,
annuitant, beneficiary, or alternate payee of the Texas Municipal
Retirement System.
(b) Notwithstanding the change in law made by this Act to
Section 852.005, Government Code, the Texas Municipal League shall
continue participation in the Texas Municipal Retirement System
only to the extent necessary to ensure the provision of retirement
and related disability and death benefits, as applicable, for
persons described by Subsection (a)(2) of this section.
(c) The board of trustees of the Texas Municipal Retirement
System shall adopt rules the board determines necessary to
implement this section.
SECTION 5. This Act takes effect September 1, 2021.