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A BILL TO BE ENTITLED
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AN ACT
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relating to the retirement benefits for certain elected state |
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officials. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 813.503, Government Code, is amended by |
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amending Subsection (a) and adding Subsection (a-1) to read as |
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follows: |
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(a) Subject to Subsection (a-1), a [A] member may establish |
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in, or have transferred to, the employee class all service credited |
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in the elected class, if the contributions made to establish the |
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service in the elected class equal or exceed contributions required |
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of a member of the employee class for the same amount of service |
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during the same time and at the same rate of compensation. Subject |
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to Subsection (a-1), a [A] member or retiree who has, or had at the |
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time of retirement, at least eight years of service credit in the |
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elected class of membership, exclusive of military service, may |
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transfer service credit between classes before or after retirement. |
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(a-1) A member or retiree who takes the oath of office for a |
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position included in the elected class of membership, other than a |
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district attorney or criminal district attorney, may not transfer |
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service to the employee class under Subsection (a) until the person |
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no longer holds that position. |
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SECTION 2. Section 814.104, Government Code, is amended by |
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amending Subsections (a) and (d) and adding Subsection (e) to read |
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as follows: |
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(a) Except as provided by Subsections [Subsection] (d) and |
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(e) of this section, Section 814.102, or by rule adopted under |
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Section 813.304(d) or 803.202(a)(2), a member who has service |
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credit in the retirement system is eligible to retire and receive a |
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service retirement annuity if the member: |
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(1) is at least 60 years old and has at least 5 years of |
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service credit in the employee class; or |
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(2) has at least 5 years of service credit in the |
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employee class and the sum of the member's age and amount of service |
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credit in the employee class, including months of age and credit, |
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equals or exceeds the number 80. |
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(d) Except as provided by Subsection (e) of this section, |
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Section 814.102, or by rule adopted under Section 813.304(d) or |
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803.202(a)(2), a member who was not a member on the date hired, was |
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hired on or after September 1, 2009, and has service credit in the |
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retirement system is eligible to retire and receive a service |
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retirement annuity if the member: |
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(1) is at least 65 years old and has at least 10 years |
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of service credit in the employee class; or |
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(2) has at least 10 years of service credit in the |
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employee class and the sum of the member's age and amount of service |
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credit in the employee class, including months of age and credit, |
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equals or exceeds the number 80. |
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(e) A member who takes the oath of office for a position |
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included in the elected class of membership, other than a district |
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attorney or criminal district attorney, is not eligible to retire |
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and receive a service retirement annuity under this section that is |
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based on service credit transferred to the employee class from the |
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elected class under Section 813.503 until the member no longer |
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holds that position. This provision does not prohibit a member from |
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retiring and receiving a service retirement annuity under this |
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section that is based on service credit earned in a position |
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included in the employee class of membership under Section 812.003. |
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SECTION 3. |
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The change in law made by this Act applies only |
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to a person included in the elected class of membership on or after |
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the effective date of this Act, other than a person who, on the |
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effective date of this Act, is receiving a service retirement |
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annuity based on service transferred to the employee class. |
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SECTION 4. This Act takes effect immediately if it receives |
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a vote of two-thirds of all the members elected to each house, as |
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provided by Section 39, Article III, Texas Constitution. If this |
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Act does not receive the vote necessary for immediate effect, this |
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Act takes effect September 1, 2015. |