Bill Text: TX HB2340 | 2023-2024 | 88th Legislature | Introduced

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Bill Title: Relating to the effective date of retirement for certain members of the Teacher Retirement System of Texas.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Introduced - Dead) 2023-03-09 - Referred to Pensions, Investments & Financial Services [HB2340 Detail]

Download: Texas-2023-HB2340-Introduced.html

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88R8478 JCG-D
By: Guillen H.B. No. 2340

A BILL TO BE ENTITLED
AN ACT
relating to the effective date of retirement for certain members of
the Teacher Retirement System of Texas.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Section 824.002(a), Government Code, is amended
to read as follows:
(a) The effective date of a member's service retirement is
the last day of the later of the following months:
(1) any month in a three-month period in which the
third month is the month in which the member applies for retirement
as provided by Section 824.201;
(2) the month in which the member satisfies age and
service requirements for service retirement as provided by Section
824.202; [or]
(3) the month in which the member's employment in a
position included in the coverage of the retirement system ends; or
(4) if the member applying for retirement is a
classroom teacher, the month in which the school year ends for a
school year in which the member applies for retirement as provided
by Section 824.201.
SECTION 2. As soon as practicable after the effective date
of this Act, the Teacher Retirement System of Texas shall adopt
rules as necessary to implement Section 824.002, Government Code,
as amended by this Act.
SECTION 3. The changes in law made by this Act apply only to
an application for retirement submitted under Chapter 824,
Government Code, on or after the effective date of this Act. An
application for retirement submitted before the effective date of
this Act is governed by the law in effect on the date the
application was submitted, and the former law is continued in
effect for that purpose.
SECTION 4. This Act takes effect September 1, 2023.