Bill Text: TX HB1663 | 2023-2024 | 88th Legislature | Introduced


Bill Title: Relating to purchase of service credit in the Teacher Retirement System of Texas by certain members with federal border security service work experience.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Introduced - Dead) 2023-03-07 - Referred to Pensions, Investments & Financial Services [HB1663 Detail]

Download: Texas-2023-HB1663-Introduced.html
  88R929 BDP-D
 
  By: Guillen H.B. No. 1663
 
 
 
A BILL TO BE ENTITLED
 
AN ACT
  relating to purchase of service credit in the Teacher Retirement
  System of Texas by certain members with federal border security
  service work experience.
         BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
         SECTION 1.  The heading to Subchapter D, Chapter 823,
  Government Code, is amended to read as follows:
  SUBCHAPTER D.  ESTABLISHMENT OF MILITARY AND FEDERAL BORDER
  SECURITY SERVICE
         SECTION 2.  Subchapter D, Chapter 823, Government Code, is
  amended by adding Section 823.305 to read as follows:
         Sec. 823.305.  FEDERAL BORDER SECURITY SERVICE CREDIT. (a)  
  An eligible member may establish membership service credit for
  federal border security service performed that is creditable in the
  retirement system as provided by this section.
         (b)  Federal border security service creditable in the
  retirement system is work performed as an employee of:
               (1)  the United States Department of Homeland Security,
  including U.S. Customs and Border Protection; or 
               (2)  any other federal agency with primary
  responsibility for securing the United States-Mexico border by
  interdicting:
                     (A)  persons attempting to illegally enter or exit
  the United States; or 
                     (B)  goods being illegally imported into or
  exported from the United States. 
         (c)  A member may not establish more than five years of
  service credit in the retirement system under this section for
  federal border security service.
         (d)  A member eligible to establish federal border security
  service credit is one who has at least five years of service credit
  in the retirement system for actual service in public schools.
         (e)  A member may establish credit under this section by
  depositing with the retirement system for each year of federal
  border security service claimed a contribution in an amount equal
  to the member's contributions to the retirement system during the
  first full year of membership service. 
         (f)  After a member makes the deposits required by this
  section, the retirement system shall grant the member one year of
  federal border security service credit for each year of federal
  border security service approved. 
         (g)  The board of trustees may adopt rules necessary to
  implement this section.
         SECTION 3.  Section 825.307(a), Government Code, is amended
  to read as follows:
         (a)  The retirement system shall deposit in a member's
  individual account in the member savings account:
               (1)  the amount of contributions to the retirement
  system that is deducted from the member's compensation;
               (2)  the portion of a deposit made on or after
  resumption of membership that represents the amount of retirement
  benefits received;
               (3)  the portion of a deposit to reinstate service
  credit previously canceled that represents the amount withdrawn or
  refunded;
               (4)  the portion of a deposit to establish military
  service credit required by Section 823.302(c);
               (5)  the portion of a deposit to establish USERRA
  credit required by Section 823.304(c);
               (6)  the portion of a deposit to establish federal
  border security service credit required by Section 823.305(e);
               (7)  the portion of a deposit to establish:
                     (A)  equivalent membership service credit
  required by Section 823.401(d), 823.402(e), 823.403(d),
  823.404(c), or 823.406(b) or former Section 823.405; or
                     (B)  unreported service credit or compensation
  required by Section 825.403(h); and
               (8) [(7)]  interest earned on money in the account as
  provided by Subsections (b) and (c) and Section 825.313(c).
         SECTION 4.  Section 823.305, Government Code, as added by
  this Act, applies only to a member of the Teacher Retirement System
  of Texas who retires on or after the effective date of this Act.
         SECTION 5.  This Act takes effect September 1, 2023.
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