Bill Text: TX SB1286 | 2011-2012 | 82nd Legislature | Comm Sub

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Bill Title: Relating to the funding of retirement systems for firefighters in certain municipalities.

Spectrum: Partisan Bill (Democrat 2-0)

Status: (Enrolled - Dead) 2011-06-17 - Effective on 9/1/11 [SB1286 Detail]

Download: Texas-2011-SB1286-Comm_Sub.html

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By: Watson S.B. No. 1286
(In the Senate - Filed March 8, 2011; March 16, 2011, read
first time and referred to Committee on State Affairs;
April 27, 2011, reported favorably by the following vote: Yeas 9,
Nays 0; April 27, 2011, sent to printer.)

A BILL TO BE ENTITLED
AN ACT
relating to the administration and funding of retirement systems
for firefighters in certain municipalities.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Subsection (b), Section 2.03, Chapter 183 (S.B.
598), Acts of the 64th Legislature, Regular Session, 1975 (Article
6243e.1, Vernon's Texas Civil Statutes), is amended to read as
follows:
(b) Between November 1 of each year and the first Monday in
January of the following year, the board of trustees shall hold an
election to elect one member of the board of trustees. If only one
firefighter or retiree is nominated for a position under Subsection
(c) of this section, instead of holding an election, the board of
trustees may appoint the sole nominated candidate at the first
board meeting in January. The board shall adopt procedures for the
appointment of a sole nominated candidate under this subsection. A
board member appointed under this subsection is considered elected
for purposes of this Act.
SECTION 2. Subsections (a) and (b), Section 10.01, Chapter
183 (S.B. 598), Acts of the 64th Legislature, Regular Session, 1975
(Article 6243e.1, Vernon's Texas Civil Statutes), are amended to
read as follows:
(a) Each municipality in which a fire department to which
this Act applies is located shall appropriate and contribute to the
fund an amount equal to a percentage [18.05 percent] of the
compensation of all members during that month as follows:
(1) 19.05 percent, beginning on the first pay date
following September 30, 2010, through the pay date immediately
preceding September 30, 2011;
(2) 20.05 percent, beginning on the first pay date
following September 30, 2011, through the pay date immediately
preceding September 30, 2012;
(3) 21.05 percent, for 24 pay dates of the
municipality beginning on the first pay date following September
30, 2012; and
(4) 22.05 percent, for all pay dates of the
municipality that follow the 24 pay dates referenced in Subdivision
(3) of this subsection.
(b) Each firefighter shall pay into the fund each month a
percentage [13.70 percent] of the firefighter's compensation for
that month as follows:
(1) 15.70 percent, for the pay dates of the
municipality following September 30, 2010, through the pay date
immediately preceding September 30, 2011;
(2) 16.20 percent, beginning on the first pay date of
the municipality following September 30, 2011, through the pay date
immediately preceding September 30, 2012;
(3) 16.70 percent, beginning on the first pay date of
the municipality following September 30, 2012, through the pay date
immediately preceding September 30, 2013;
(4) 17.20 percent, beginning on the first pay date of
the municipality following September 30, 2013, through the pay date
immediately preceding September 30, 2014;
(5) 17.70 percent, beginning on the first pay date of
the municipality following September 30, 2014, through the pay date
immediately preceding September 30, 2015;
(6) 18.20 percent, beginning on the first pay date of
the municipality following September 30, 2015, through the pay date
immediately preceding September 30, 2016; and
(7) 18.70 percent, for the first pay date of the
municipality following September 30, 2016, and all subsequent pay
dates of the municipality.
SECTION 3. The board of trustees of a retirement system
subject to this Act shall adopt procedures required under
Subsection (b), Section 2.03, Chapter 183 (S.B. 598), Acts of the
64th Legislature, Regular Session, 1975 (Article 6243e.1, Vernon's
Texas Civil Statutes), as amended by this Act, before a sole
nominated candidate may be appointed to the board of trustees.
SECTION 4. This Act takes effect September 1, 2011.
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