Bill Text: TX SB2175 | 2023-2024 | 88th Legislature | Introduced


Bill Title: Relating to the payment of certain employer contributions for employed retirees of the Teacher Retirement System of Texas.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced - Dead) 2023-03-22 - Referred to Finance [SB2175 Detail]

Download: Texas-2023-SB2175-Introduced.html
  88R6455 JCG-F
 
  By: West S.B. No. 2175
 
 
 
A BILL TO BE ENTITLED
 
AN ACT
  relating to the payment of certain employer contributions for
  employed retirees of the Teacher Retirement System of Texas.
         BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
         SECTION 1.  Section 825.4092, Government Code, is amended by
  amending Subsections (b) and (c) and adding Subsection (h) to read
  as follows:
         (b)  Except as provided by Subsections [Subsection] (e) and
  (h), during each payroll period for which a retiree is reported, the
  employer shall contribute to the retirement system for each retiree
  reported an amount based on the retiree's salary equal to the sum
  of:
               (1)  the current contribution amount that would be
  contributed by the retiree if the retiree were an active,
  contributing member; and
               (2)  the current contribution amount authorized by the
  General Appropriations Act that the state would contribute for that
  retiree if the retiree were an active, contributing member.
         (c)  Except as provided by Subsections [Subsection] (e) and
  (h), each payroll period, for each retiree who is enrolled in the
  Texas Public School Employees Group Insurance Program under Chapter
  1575, Insurance Code, the employer who reports the employment of a
  retiree shall contribute to the trust fund established under that
  chapter an amount established by the retirement system. In
  determining the amount to be contributed by the employer under this
  subsection, the retirement system shall consider the amount a
  retiree is required to pay for the retiree and any enrolled
  dependents to participate in the group program and the cost of the
  retiree's and enrolled dependents' participation in the group
  program. If more than one employer reports the retiree to the
  retirement system during a month, the amount of the required
  payment shall be prorated among the employers.
         (h)  Notwithstanding Section 821.006, the retirement system
  may waive all or part of the amounts required to be contributed
  under Subsection (b) or (c), or both subsections, for one or more
  fiscal years.
         SECTION 2.  The changes in law made by this Act apply
  beginning with the 2022-2023 school year.
         SECTION 3.  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, 2023.
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