Bill Text: TX HB596 | 2019-2020 | 86th Legislature | Introduced
NOTE: There are more recent revisions of this legislation. Read Latest Draft
Bill Title: Relating to the composition of the board of trustees of the Employees Retirement System of Texas.
Spectrum: Partisan Bill (Democrat 2-0)
Status: (Engrossed - Dead) 2019-04-15 - Referred to State Affairs [HB596 Detail]
Download: Texas-2019-HB596-Introduced.html
Bill Title: Relating to the composition of the board of trustees of the Employees Retirement System of Texas.
Spectrum: Partisan Bill (Democrat 2-0)
Status: (Engrossed - Dead) 2019-04-15 - Referred to State Affairs [HB596 Detail]
Download: Texas-2019-HB596-Introduced.html
86R2595 KFF-D | ||
By: Hernandez | H.B. No. 596 |
|
||
|
||
relating to the composition of the board of trustees of the | ||
Employees Retirement System of Texas. | ||
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
SECTION 1. Section 815.003, Government Code, is amended by | ||
amending Subsection (b) and adding Subsection (b-1) to read as | ||
follows: | ||
(b) Two of the elected members [ |
||
|
||
of the retirement system and must hold positions [ |
||
(1) are [ |
||
membership; and | ||
(2) are [ |
||
which another trustee holds a position. | ||
(b-1) The third elected member of the board must: | ||
(1) meet the requirements of Subsection (b); or | ||
(2) be a retiree. | ||
SECTION 2. The changes in law made by this Act apply only to | ||
an election of a member of the board of trustees of the Employees | ||
Retirement System of Texas that occurs on or after the effective | ||
date of this Act. | ||
SECTION 3. This Act takes effect September 1, 2019. |