Bill Text: TX SB1917 | 2015-2016 | 84th Legislature | Introduced
Bill Title: Relating to contributions to the Employees Retirement System of Texas.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Introduced - Dead) 2015-03-25 - Referred to State Affairs [SB1917 Detail]
Download: Texas-2015-SB1917-Introduced.html
By: Watson | S.B. No. 1917 | |
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relating to contributions to the Employees Retirement System of | ||
Texas. | ||
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
SECTION 1. Section 815.402(a), Government Code is amended | ||
to read as follows: | ||
(a) Except as provided by Section 813.201, each payroll | ||
period, each department or agency of the state shall cause to be | ||
deducted from each member's compensation a contribution of: | ||
(1) 8.0 [ |
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member of the legislature, for service rendered after August 31, | ||
2015, and before September 1, 2017 [ |
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(2) [ |
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legislature rendered on or after September 1, 2017, the lesser of: | ||
(A) 8.0 [ |
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compensation; or | ||
(B) a percentage of the member's annual | ||
compensation equal to 8.0 [ |
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percent for each one-tenth of one percent that the state | ||
contribution rate for the fiscal year to which the service relates | ||
is less than the state contribution rate established for the 2017 | ||
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(3) [ |
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member is a member of the legislature. | ||
SECTION 2. Section 815.403(a)(1), Government Code is | ||
amended to read as follows: | ||
(1) an amount equal to 10.0 [ |
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compensation of all members of the retirement system for that year; | ||
SECTION 3. Section 815.4035(a), Government Code is amended | ||
to read as follows: | ||
Sec. 815.4035. COLLECTION OF STATE RETIREMENT | ||
CONTRIBUTION. (a) Except as provided by Section 813.201, the board | ||
of trustees shall assess each employer whose employees are members | ||
of the retirement system a state retirement contribution in an | ||
amount equal to 1.0 [ |
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as determined by the General Appropriations Act. | ||
SECTION 4. This Act takes effect September 1, 2015. |