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 |
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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 [ |
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(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 [ |
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(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. |