Bill Text: TX HB3190 | 2017-2018 | 85th Legislature | Introduced
Bill Title: Relating to an adjustment to certain benefits paid by the Teacher Retirement System of Texas.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Introduced - Dead) 2017-05-01 - Left pending in committee [HB3190 Detail]
Download: Texas-2017-HB3190-Introduced.html
85R8576 KFF-D | ||
By: Uresti | H.B. No. 3190 |
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relating to an adjustment to certain benefits paid by the Teacher | ||
Retirement System of Texas. | ||
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
SECTION 1. Subchapter H, Chapter 824, Government Code, is | ||
amended by adding Section 824.7015 to read as follows: | ||
Sec. 824.7015. ADJUSTMENT TO BENEFITS. (a) | ||
Notwithstanding Section 824.702, the amount of a monthly service | ||
retirement benefit, disability retirement benefit, or death | ||
benefit paid under this chapter is increased to include a 0.5 | ||
percent adjustment in accordance with this section. | ||
(b) The board of trustees shall recompute the amount of a | ||
benefit paid monthly under this chapter by applying the 0.5 percent | ||
adjustment to the monthly amount otherwise required to be paid as | ||
determined in accordance with the other applicable provisions of | ||
this chapter and other law. | ||
SECTION 2. An adjustment under Section 824.7015, Government | ||
Code, as added by this Act, must be made beginning with a benefit | ||
payable for the month of September 2017. | ||
SECTION 3. 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. |