Bill Text: TX HB3368 | 2013-2014 | 83rd Legislature | Introduced
Bill Title: Relating to the calculation of a service retirement annuity for certain members of the elected class.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Introduced - Dead) 2013-03-19 - Referred to Pensions [HB3368 Detail]
Download: Texas-2013-HB3368-Introduced.html
83R14293 T | ||
By: Pitts | H.B. No. 3368 |
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relating to the calculation of a service retirement annuity for | ||
certain members of the elected class. | ||
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
SECTION 1. Section 814.103, Government Code, is amended by | ||
amending Subsection (a) and adding Subsection (c) to read as | ||
follows: | ||
(a) Except as provided by Subsections [ |
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(c), the standard service retirement annuity for service credited | ||
in the elected class of membership for persons described by Section | ||
812.002(a)(3), is an amount equal to the number of years of service | ||
credit in that class, times two percent of the state salary, | ||
excluding longevity pay payable under Section 659.0445, and as | ||
adjusted from time to time, being paid a district judge. | ||
(c) The standard service retirement annuity for service | ||
credited in the elected class of membership for persons described | ||
by Sections 812.002(a)(1) and (2) is an amount equal to the number | ||
of years of service credit in that class, times two percent of the | ||
state salary, as that salary existed on August 31st, 2013 and | ||
excluding longevity pay payable under Section 659.0445, being paid | ||
a district judge. | ||
SECTION 2. The change in law made by Sections 814.103(a) and | ||
(c), Government Code, as amended by this Act, applies only to a | ||
person who retires from the elected class on or after September 1, | ||
2013. A person who retires from the elected class before that date | ||
is governed by the law in effect on the date that person retired, | ||
and the former law is continued in effect for that purpose. | ||
SECTION 3. This Act takes effect September 1, 2013. |