Bill Text: TX HB9 | 2015-2016 | 84th Legislature | Engrossed

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Bill Title: Relating to the Employees Retirement System of Texas.

Spectrum: Bipartisan Bill

Status: (Passed) 2015-06-09 - Effective on 9/1/15 [HB9 Detail]

Download: Texas-2015-HB9-Engrossed.html

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By: Flynn, Otto, Alonzo, Turner of Harris, H.B. No. 9
Bonnen of Brazoria, et al.

A BILL TO BE ENTITLED
AN ACT
rela
ting to member contributions to the Employees Retirement System
of Texas.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Section 815.402(a), Government Code, is amended
to read as follows:
(a) Except as provided by Section 813.201, each payroll
period, each department or agency of the state shall cause to be
deducted from each member's compensation a contribution of:
(1) 9.5 [6.6 percent of the compensation if the member
is not a member of the legislature, for service rendered after
August 31, 2013, and before September 1, 2014;
[(2) 6.9 percent of the compensation if the member is
not a member of the legislature, for service rendered after August
31, 2014, and before September 1, 2015;
[(3) 7.2] percent of the compensation if the member is
not a member of the legislature, for service rendered after August
31, 2015, and before September 1, 2017 [2016];
(2) [(4) 7.5 percent of the compensation if the
member is not a member of the legislature, for service rendered
after August 31, 2016;
[(5)] for service by a member who is not a member of
the legislature rendered on or after September 1, 2017, the lesser
of:
(A) 9.5 [7.5] percent of the member's annual
compensation; or
(B) a percentage of the member's annual
compensation equal to 9.5 [7.5] percent reduced by one-tenth of one
percent for each one-tenth of one percent that the state
contribution rate for the fiscal year to which the service relates
is less than the state contribution rate established for the 2017
[2015] fiscal year; or
(3) 9.5 [(6) eight] percent of the compensation if the
member is a member of the legislature.
SECTION 2. This Act takes effect September 1, 2015.