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A BILL TO BE ENTITLED
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AN ACT
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relating to the computation of retirement benefits by a public |
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retirement system. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Chapter 802, Government Code, is amended by |
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adding Subchapter E to read as follows: |
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SUBCHAPTER E. PROVISIONS APPLICABLE TO ALL PUBLIC RETIREMENT |
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SYSTEMS |
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Sec. 802.402. RESUMPTION OF SERVICE AFTER RETIREMENT. (a) |
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This section applies to a person who: |
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(1) has retired from service with an employer through |
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which the person receives benefits from a public retirement system |
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covered by this title other than one established under Section |
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810.001; and |
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(2) becomes reemployed by an employer through which an |
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employee may, or must as a condition of employment, enroll in a |
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public retirement system covered by this title other than one |
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established under Section 810.001. |
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(b) On the date of reemployment of a person described by |
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Subsection (a), the person must resume making contributions to the |
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applicable retirement system. A person who resumes making |
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contributions as required by this subsection earns additional |
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service credit. |
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(c) This section prevails over any other law relating to the |
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computation of a retirement benefit by a public retirement system |
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to the extent of any conflict. |
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SECTION 2. Section 802.402, Government Code, as added by |
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this Act, applies only to the computation of retirement benefits |
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for a member of a public retirement system who retires on or after |
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the effective date of this Act. The computation of retirement |
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benefits for a member of a public retirement system who retires |
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before the effective date of this Act is subject to the law in |
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effect on the date of the retirement, and that law is continued in |
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effect for that purpose. |
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SECTION 3. This Act takes effect September 1, 2011. |