Bill Text: TX HB996 | 2011-2012 | 82nd Legislature | Introduced

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Bill Title: Relating to the composition of the board of trustees of the Teacher Retirement System of Texas.

Sponsorship: Partisan Bill (Democrat 1)

Status: (Introduced - Dead) 2011-04-12 - Left pending in committee [HB996 Detail]

Download: Texas-2011-HB996-Introduced.html

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82R1398 SGA-D
By: Gutierrez H.B. No. 996

A BILL TO BE ENTITLED
AN ACT
relating to the composition of the board of trustees of the Teacher
Retirement System of Texas.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Section 825.001, Government Code, is amended to
read as follows:
Sec. 825.001. COMPOSITION OF BOARD OF TRUSTEES. The board
of trustees is composed of 11 [nine] members.
SECTION 2. Sections 825.002(a), (d), and (e), Government
Code, are amended to read as follows:
(a) The governor shall appoint, with the advice and consent
of the senate and as provided by this section, nine [seven] members
of the board of trustees.
(d) The governor shall appoint two members [one member] of
the board from a slate of three former members of the retirement
system who have retired and are receiving benefits from the
retirement system and who have been nominated in accordance with
Subsections (f) and (g) by the persons who have retired and are
receiving benefits from the retirement system. The two members hold
office for staggered terms.
(e) The governor shall appoint two members [one member] from
a slate of three members of the retirement system who are currently
employed by an institution of higher education and who have been
nominated in accordance with Subsection (f) by the members of the
retirement system whose most recent credited service was performed
for an institution of higher education. The two members hold office
for staggered terms.
SECTION 3. (a) Notwithstanding the term of six years
stipulated by Section 825.004(a), Government Code, as soon as
practicable, the retired former members of the Teacher Retirement
System of Texas shall prepare a slate of three nominees and the
governor shall appoint from that slate an additional member to the
board of trustees of the Teacher Retirement System of Texas under
Section 825.002(d), Government Code, as amended by this Act, to
serve a term that expires on a date that preserves the required
staggering of terms. Subsequent board of trustee members appointed
to that position shall serve the six-year term.
(b) Notwithstanding the term of six years stipulated by
Section 825.004(a), Government Code, as soon as practicable, the
members of the Teacher Retirement System of Texas who are currently
employed by an institution of higher education shall prepare a
slate of three nominees and the governor shall appoint from that
slate an additional member to the board of trustees of the Teacher
Retirement System of Texas under Section 825.002(e), Government
Code, as amended by this Act, to serve a term that expires on a date
that preserves the required staggering of terms. Subsequent board
of trustee members appointed to that position shall serve the
six-year term.
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, 2011.