Bill Text: TX HB413 | 2013-2014 | 83rd Legislature | Introduced
Bill Title: Relating to the retirement benefits for elected state officials.
Sponsorship: Bipartisan Bill
Status: (Introduced - Dead) 2013-04-22 - Left pending in committee [HB413 Detail]
Download: Texas-2013-HB413-Introduced.html
| 83R2890 KFF-D | ||
| By: Turner of Tarrant | H.B. No. 413 | |
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| relating to the retirement benefits for elected state officials. | ||
| BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
| SECTION 1. Section 814.104, Government Code, is amended by | ||
| amending Subsections (a) and (d) and adding Subsection (e) to read | ||
| as follows: | ||
| (a) Except as provided by Subsections [ |
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| (e) of this section, Section 814.102, or by rule adopted under | ||
| Section 813.304(d) or 803.202(a)(2), a member who has service | ||
| credit in the retirement system is eligible to retire and receive a | ||
| service retirement annuity if the member: | ||
| (1) is at least 60 years old and has at least 5 years of | ||
| service credit in the employee class; or | ||
| (2) has at least 5 years of service credit in the | ||
| employee class and the sum of the member's age and amount of service | ||
| credit in the employee class, including months of age and credit, | ||
| equals or exceeds the number 80. | ||
| (d) Except as provided by Subsection (e) of this section, | ||
| Section 814.102, or by rule adopted under Section 813.304(d) or | ||
| 803.202(a)(2), a member who was not a member on the date hired, was | ||
| hired on or after September 1, 2009, and has service credit in the | ||
| retirement system is eligible to retire and receive a service | ||
| retirement annuity if the member: | ||
| (1) is at least 65 years old and has at least 10 years | ||
| of service credit in the employee class; or | ||
| (2) has at least 10 years of service credit in the | ||
| employee class and the sum of the member's age and amount of service | ||
| credit in the employee class, including months of age and credit, | ||
| equals or exceeds the number 80. | ||
| (e) A member who takes the oath of office for a position | ||
| included in the elected class of membership is not eligible to | ||
| retire and receive a service retirement annuity under this section | ||
| that is based on service credit transferred to the employee class | ||
| from the elected class under Section 813.503 until the member no | ||
| longer holds that position. This provision does not prohibit a | ||
| member from retiring and receiving a service retirement annuity | ||
| under this section that is based on service credit earned in a | ||
| position included in the employee class of membership under Section | ||
| 812.003. | ||
| SECTION 2. Section 813.503, Government Code, is amended by | ||
| amending Subsection (a) and adding Subsection (a-1) to read as | ||
| follows: | ||
| (a) Subject to Subsection (a-1), a [ |
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| in, or have transferred to, the employee class all service credited | ||
| in the elected class, if the contributions made to establish the | ||
| service in the elected class equal or exceed contributions required | ||
| of a member of the employee class for the same amount of service | ||
| during the same time and at the same rate of compensation. Subject | ||
| to Subsection (a-1), a [ |
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| time of retirement, at least eight years of service credit in the | ||
| elected class of membership, exclusive of military service, may | ||
| transfer service credit between classes before or after retirement. | ||
| (a-1) A member or retiree who takes the oath of office for a | ||
| position included in the elected class of membership may not | ||
| transfer service to the employee class under Subsection (a) until | ||
| the person no longer holds that position. | ||
| SECTION 3. The change in law made by this Act applies only | ||
| to a person who takes the oath of office for a position included in | ||
| the elected class of membership under Section 812.002, Government | ||
| Code, on or after the effective date of this Act. | ||
| SECTION 4. 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, 2013. | ||
