Bill Text: TX HB2707 | 2021-2022 | 87th Legislature | Introduced
Bill Title: Relating to the state contribution to the Employees Retirement System of Texas.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Introduced - Dead) 2021-03-17 - Referred to Appropriations [HB2707 Detail]
Download: Texas-2021-HB2707-Introduced.html
87R3076 BDP-F | ||
By: Bonnen | H.B. No. 2707 |
|
||
|
||
relating to the state contribution to the Employees Retirement | ||
System of Texas. | ||
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
SECTION 1. Section 815.403(a), Government Code, is amended | ||
to read as follows: | ||
(a) During each fiscal year, the state shall contribute to | ||
the retirement system: | ||
(1) an amount equal to 9.5 [ |
||
compensation of all members of the retirement system for that year; | ||
(2) money to pay lump-sum death benefits for retirees | ||
under Section 814.501; | ||
(3) an amount for the law enforcement and custodial | ||
officer supplemental retirement fund equal to 2.13 percent of the | ||
aggregate state compensation of all custodial and law enforcement | ||
officers for that year; | ||
(4) money necessary for the administration of the law | ||
enforcement and custodial officer supplemental retirement fund; | ||
and | ||
(5) money for service credit not previously | ||
established, as provided by Section 813.202(c) or 813.302(d). | ||
SECTION 2. This Act takes effect September 1, 2021. |