Bill Text: TX HB2810 | 2017-2018 | 85th Legislature | Introduced
Bill Title: Relating to the inclusion of overtime pay in the computation of benefits for members of the Employees Retirement System of Texas.
Spectrum: Slight Partisan Bill (Republican 2-1)
Status: (Introduced - Dead) 2017-05-01 - Left pending in committee [HB2810 Detail]
Download: Texas-2017-HB2810-Introduced.html
85R10081 LED-D | ||
By: Muñoz, Jr. | H.B. No. 2810 |
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relating to the inclusion of overtime pay in the computation of | ||
benefits for members of the Employees Retirement System of Texas. | ||
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
SECTION 1. Section 811.001(7), Government Code, is amended | ||
to read as follows: | ||
(7) "Compensation" means the base salary of a person; | ||
overtime pay; amounts that would otherwise qualify as compensation | ||
but are not received directly by a person pursuant to a good faith, | ||
voluntary, written salary reduction agreement in order to finance | ||
payments to a deferred compensation or tax sheltered annuity | ||
program specifically authorized by state law or to finance benefit | ||
options under a cafeteria plan qualifying under Section 125 of the | ||
Internal Revenue Code of 1986 (26 U.S.C. Section 125); longevity | ||
and hazardous duty pay; nonmonetary compensation, the value of | ||
which is determined by the retirement system; amounts by which a | ||
person's salary is reduced under a salary reduction agreement | ||
authorized by Chapter 610; and the benefit replacement pay a person | ||
earns under Subchapter H, Chapter 659, as added by Chapter 417, Acts | ||
of the 74th Legislature, 1995, except for the benefit replacement | ||
pay a person earns as a result of a payment made under Subchapter B, | ||
C, or D, Chapter 661. The term excludes [ |
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cleaning or clothing allowance. | ||
SECTION 2. The change in law made by this Act applies only | ||
to a member of the Employees Retirement System of Texas who retires | ||
on or after the effective date of this Act. A member who retires | ||
before the effective date of this Act is subject to the law in | ||
effect on the date of the member's retirement, and that law is | ||
continued in effect for that purpose. | ||
SECTION 3. This Act takes effect September 1, 2017. |