Bill Text: TX HB1884 | 2013-2014 | 83rd Legislature | Introduced
NOTE: There are more recent revisions of this legislation. Read Latest Draft
Bill Title: Relating to contributions to, benefits from, and the administration of systems and programs administered by the Teacher Retirement System of Texas.
Spectrum: Partisan Bill (Republican 7-0)
Status: (Introduced - Dead) 2013-04-30 - Committee report sent to Calendars [HB1884 Detail]
Download: Texas-2013-HB1884-Introduced.html
Bill Title: Relating to contributions to, benefits from, and the administration of systems and programs administered by the Teacher Retirement System of Texas.
Spectrum: Partisan Bill (Republican 7-0)
Status: (Introduced - Dead) 2013-04-30 - Committee report sent to Calendars [HB1884 Detail]
Download: Texas-2013-HB1884-Introduced.html
83R9358 T | ||
By: Callegari | H.B. No. 1884 |
|
||
|
||
relating to the administration of and benefits payable by the | ||
Teacher Retirement System of Texas. | ||
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
SECTION 1. Sections 824.1012(a) and (b), Government Code, | ||
are amended to read as follows: | ||
(a) As an exception to Section 824.101(c), a retiree who | ||
selected an optional service retirement annuity under Section | ||
824.204(c)(1), (c)(2), or (c)(5) or an optional disability | ||
retirement annuity under Section 824.308(c)(1), (c)(2), or (c)(5) | ||
and who has received at least one payment under the plan selected | ||
may change the optional annuity selection made by the retiree to a | ||
standard service or disability retirement annuity as provided for | ||
in this section [ |
||
|
||
beneficiary is the spouse or former spouse of the retiree, the | ||
beneficiary must sign a notarized consent to the change, or [ |
||
court in a divorce proceeding involving the retiree and beneficiary | ||
must approve [ |
||
in the divorce decree or acceptance of a property settlement [ |
||
|
||
|
||
The change in plan selection [ |
||
retirement system receives it. | ||
(b) A change [ |
||
cancels the optional annuity selection made by the retiree, | ||
effective with the beginning of payments of the annuity as | ||
recomputed under this subsection. The retiree is entitled to | ||
receive payments of a standard service or disability retirement | ||
annuity, as applicable, reduced for early retirement, if | ||
applicable, beginning with the payment for the month after the | ||
month in which the retirement system receives the notice of change | ||
[ |
||
also cancels the designation of beneficiary with respect to the | ||
optional annuity benefit but does not cancel a designation with | ||
respect to any other benefit payable by the retirement system on the | ||
death of the retiree. | ||
SECTION 2. Section 824.1013(b) is amended to read as | ||
follows: | ||
(b) If the beneficiary designated at the time of the | ||
retiree's retirement is the spouse [ |
||
retiree at the time of the designation: | ||
(1) the spouse [ |
||
notarized consent to the change; | ||
(2) if the parties divorced after the designation, the | ||
former spouse who was designated beneficiary must give written, | ||
notarized consent to the change; or | ||
(3) [ |
||
must have ordered the change. | ||
SECTION 3. Section 1575.003(1), Insurance Code, is amended | ||
to read as follows: | ||
(1) "Dependent" means: | ||
(A) the spouse of a retiree; | ||
(B) a [ |
||
deceased active member if the child is younger than 26 [ |
||
age, including: | ||
(i) an adopted child or child who is | ||
lawfully placed for legal adoption; | ||
(ii) a foster child, stepchild, or other | ||
child who is in a regular parent-child relationship; or | ||
(iii) a [ |
||
(C) a retiree's [ |
||
adopted child, foster child, stepchild, or other child who is in a | ||
regular parent-child relationship and who lives with or has his or | ||
her care provided by the retiree or surviving spouse on a regular | ||
basis regardless of the child's age, if the child has a mental | ||
disability or is physically incapacitated to an extent that the | ||
child is dependent on the retiree or surviving spouse for care or | ||
support, as determined by the trustee; or | ||
(D) a deceased active member's [ |
||
natural child, adopted child, foster child, stepchild, or other | ||
child who is in a regular parent-child relationship, without regard | ||
to the age of the child, if, while the active member was alive, the | ||
child: | ||
(i) lived with or had the child's care | ||
provided by the active member on a regular basis; and | ||
(ii) had a mental disability or was | ||
physically incapacitated to an extent that the child was dependent | ||
on the active member or surviving spouse for care or support, as | ||
determined by the trustee. | ||
SECTION 4. Section 1579.004, Insurance Code, is amended to | ||
read as follows: | ||
Sec. 1579.004. DEFINITION OF DEPENDENT. In this chapter, | ||
"dependent" means: | ||
(1) a spouse of a full-time employee or part-time | ||
employee; | ||
(2) a [ |
||
employee if the child is younger than 26 [ |
||
including: | ||
(A) an adopted child or child who is lawfully | ||
placed for adoption; | ||
(B) a foster child, stepchild, or other child who | ||
is in a regular parent-child relationship; and | ||
(C) a [ |
||
(3) a full-time or part-time employee's [ |
||
natural child, adopted child, foster child, stepchild, or other | ||
child who is in a regular parent-child relationship and who lives | ||
with or has his or her care provided by the employee or the | ||
surviving spouse on a regular basis, regardless of the child's age, | ||
if the child has a mental disability or is physically incapacitated | ||
to an extent that the child is dependent on the employee or | ||
surviving spouse for care or support, as determined by the board of | ||
trustees; and | ||
(4) notwithstanding any other provision of this code, | ||
any other dependent of a full-time or part-time employee specified | ||
by rules adopted by the board of trustees. | ||
SECTION 5. This Act takes effect September 1, 2013. |