Bill Text: TX HB2353 | 2017-2018 | 85th Legislature | Introduced
Bill Title: Relating to the composition of the State Pension Review Board.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Introduced - Dead) 2017-04-10 - Left pending in committee [HB2353 Detail]
Download: Texas-2017-HB2353-Introduced.html
85R796 KFF-D | ||
By: King of Uvalde | H.B. No. 2353 |
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relating to the composition of the State Pension Review Board. | ||
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
SECTION 1. Section 801.102(a), Government Code, is amended | ||
to read as follows: | ||
(a) The board is composed of nine [ |
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SECTION 2. Section 801.103, Government Code, is amended to | ||
read as follows: | ||
Sec. 801.103. MEMBERS APPOINTED BY GOVERNOR. (a) The | ||
governor shall appoint, with the advice and consent of the senate, | ||
[ |
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(b) The governor shall appoint to the board: | ||
(1) three persons who have experience in the fields of | ||
securities investment, pension administration, or pension law but | ||
who are not members or retirees of a public retirement system; | ||
(2) one person who is a fellow of the Society of | ||
Actuaries, a member of the American Academy of Actuaries, or an | ||
enrolled actuary under the federal Employee Retirement Income | ||
Security Act of 1974 (29 U.S.C. Sec. 1001 et seq.); | ||
(3) one person who has experience in the field of | ||
governmental finance; | ||
(4) one person who is a contributing member of a public | ||
retirement system; [ |
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(5) one person who is receiving retirement benefits | ||
from a public retirement system; | ||
(6) one person who is selected from a list of three | ||
names submitted to the governor by the Texas State Association of | ||
Fire Fighters; and | ||
(7) one person who is selected from a list of six names | ||
submitted to the governor as follows: | ||
(A) a list of three names submitted by the Texas | ||
Municipal Police Association; and | ||
(B) a list of three names submitted by the | ||
Combined Law Enforcement Associations of Texas. | ||
SECTION 3. Section 801.106, Government Code, is amended to | ||
read as follows: | ||
Sec. 801.106. TERMS OF OFFICE. Members of the board hold | ||
office for staggered terms of six years, with the terms of [ |
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three members[ |
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odd-numbered year. | ||
SECTION 4. As soon as practicable after the effective date | ||
of this Act, the governor shall appoint the two additional members | ||
to the State Pension Review Board from lists provided to the | ||
governor as required by Section 801.103, Government Code, as | ||
amended by this Act. Notwithstanding Section 801.106, Government | ||
Code, as amended by this Act, the members appointed under this | ||
section serve terms expiring January 31, 2023. | ||
SECTION 5. This Act takes effect immediately if it receives | ||
a vote of two-thirds of all the members elected to each house, as | ||
provided by Section 39, Article III, Texas Constitution. If this | ||
Act does not receive the vote necessary for immediate effect, this | ||
Act takes effect September 1, 2017. |