Bill Text: TX SB685 | 2017-2018 | 85th Legislature | Introduced


Bill Title: Relating to the standard service retirement annuity for certain members of the elected class of the Employees Retirement System of Texas.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Introduced - Dead) 2017-04-27 - Left pending in committee [SB685 Detail]

Download: Texas-2017-SB685-Introduced.html
  85R3355 LED-F
 
  By: Seliger S.B. No. 685
 
 
 
A BILL TO BE ENTITLED
 
AN ACT
  relating to the standard service retirement annuity for certain
  members of the elected class of the Employees Retirement System of
  Texas.
         BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
         SECTION 1.  Section 814.103, Government Code, is amended by
  amending Subsection (a) and adding Subsection (c) to read as
  follows:
         (a)  Except as provided by Subsection (b), the standard
  service retirement annuity for service credited in the elected
  class of membership for a person described by Section 812.002(a)(3)
  is an amount equal to the number of years of service credit in that
  class, times two percent of the state salary, excluding longevity
  pay payable under Section 659.0445 and as adjusted from time to
  time, being paid a district judge.
         (c)  The standard service retirement annuity for service
  credited in the elected class of membership for a person described
  by Section 812.002(a)(1) or (2) is an amount equal to the number of
  years of service credit in that class, times two percent of the
  state salary being paid a district judge on August 31, 2017,
  excluding longevity pay payable under Section 659.0445.
         SECTION 2.  The change in law made by this Act applies only
  to the standard service retirement annuity for a person who retires
  on or after September 1, 2017. A person who retires before the
  effective date of this Act is governed by the law in effect
  immediately before the effective date of this Act, and the former
  law is continued in effect for that purpose.
         SECTION 3.  This Act takes effect September 1, 2017.
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