Bill Text: TX SB1286 | 2011-2012 | 82nd Legislature | Enrolled


Bill Title: Relating to the funding of retirement systems for firefighters in certain municipalities.

Spectrum: Partisan Bill (Democrat 2-0)

Status: (Enrolled - Dead) 2011-06-17 - Effective on 9/1/11 [SB1286 Detail]

Download: Texas-2011-SB1286-Enrolled.html
 
 
  S.B. No. 1286
 
 
 
 
AN ACT
  relating to the funding of retirement systems for firefighters in
  certain municipalities.
         BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
         SECTION 1.  Subsections (a) and (b), Section 10.01, Chapter
  183 (S.B. 598), Acts of the 64th Legislature, Regular Session, 1975
  (Article 6243e.1, Vernon's Texas Civil Statutes), are amended to
  read as follows:
         (a)  Each municipality in which a fire department to which
  this Act applies is located shall appropriate and contribute to the
  fund an amount equal to a percentage [18.05 percent] of the
  compensation of all members during that month as follows:
               (1)  19.05 percent, beginning on the first pay date
  following September 30, 2010, through the pay date immediately
  preceding September 30, 2011;
               (2)  20.05 percent, beginning on the first pay date
  following September 30, 2011, through the pay date immediately
  preceding September 30, 2012;
               (3)  21.05 percent, for 24 pay dates of the
  municipality beginning on the first pay date following September
  30, 2012; and
               (4)  22.05 percent, for all pay dates of the
  municipality that follow the 24 pay dates referenced in Subdivision
  (3) of this subsection.
         (b)  Each firefighter shall pay into the fund each month a
  percentage [13.70 percent] of the firefighter's compensation for
  that month as follows:
               (1)  15.70 percent, for the pay dates of the
  municipality following September 30, 2010, through the pay date
  immediately preceding September 30, 2011;
               (2)  16.20 percent, beginning on the first pay date of
  the municipality following September 30, 2011, through the pay date
  immediately preceding September 30, 2012;
               (3)  16.70 percent, beginning on the first pay date of
  the municipality following September 30, 2012, through the pay date
  immediately preceding September 30, 2013;
               (4)  17.20 percent, beginning on the first pay date of
  the municipality following September 30, 2013, through the pay date
  immediately preceding September 30, 2014;
               (5)  17.70 percent, beginning on the first pay date of
  the municipality following September 30, 2014, through the pay date
  immediately preceding September 30, 2015;
               (6)  18.20 percent, beginning on the first pay date of
  the municipality following September 30, 2015, through the pay date
  immediately preceding September 30, 2016; and
               (7)  18.70 percent, for the first pay date of the
  municipality following September 30, 2016, and all subsequent pay
  dates of the municipality.
         SECTION 2.  This Act takes effect September 1, 2011.
 
 
 
 
 
  ______________________________ ______________________________
     President of the Senate Speaker of the House     
 
         I hereby certify that S.B. No. 1286 passed the Senate on
  May 5, 2011, by the following vote: Yeas 31, Nays 0; and that the
  Senate concurred in House amendment on May 27, 2011, by the
  following vote: Yeas 31, Nays 0.
 
 
  ______________________________
  Secretary of the Senate    
 
         I hereby certify that S.B. No. 1286 passed the House, with
  amendment, on May 25, 2011, by the following vote: Yeas 115,
  Nays 31, three present not voting.
 
 
  ______________________________
  Chief Clerk of the House   
 
 
 
  Approved:
 
  ______________________________ 
              Date
 
 
  ______________________________ 
            Governor
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