Bill Text: TX HB2451 | 2011-2012 | 82nd Legislature | Introduced
Bill Title: Relating to the computation of retirement benefits by a public retirement system.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Introduced - Dead) 2011-03-14 - Referred to Pensions, Investments & Financial Services [HB2451 Detail]
Download: Texas-2011-HB2451-Introduced.html
| 82R9967 TJS-D | ||
| By: Zedler | H.B. No. 2451 | |
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| relating to the computation of retirement benefits by a public | ||
| retirement system. | ||
| BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
| SECTION 1. Chapter 802, Government Code, is amended by | ||
| adding Subchapter E to read as follows: | ||
| SUBCHAPTER E. PROVISIONS APPLICABLE TO ALL PUBLIC RETIREMENT | ||
| SYSTEMS | ||
| Sec. 802.402. RESUMPTION OF SERVICE AFTER RETIREMENT. (a) | ||
| This section applies to a person who: | ||
| (1) has retired from service with an employer through | ||
| which the person receives benefits from a public retirement system | ||
| covered by this title other than one established under Section | ||
| 810.001; and | ||
| (2) becomes reemployed by an employer through which an | ||
| employee may, or must as a condition of employment, enroll in a | ||
| public retirement system covered by this title other than one | ||
| established under Section 810.001. | ||
| (b) On the date of reemployment of a person described by | ||
| Subsection (a), the person must resume making contributions to the | ||
| applicable retirement system. A person who resumes making | ||
| contributions as required by this subsection earns additional | ||
| service credit. | ||
| (c) This section prevails over any other law relating to the | ||
| computation of a retirement benefit by a public retirement system | ||
| to the extent of any conflict. | ||
| SECTION 2. Section 802.402, Government Code, as added by | ||
| this Act, applies only to the computation of retirement benefits | ||
| for a member of a public retirement system who retires on or after | ||
| the effective date of this Act. The computation of retirement | ||
| benefits for a member of a public retirement system who retires | ||
| before the effective date of this Act is subject to the law in | ||
| effect on the date of the retirement, and that law is continued in | ||
| effect for that purpose. | ||
| SECTION 3. This Act takes effect September 1, 2011. | ||
