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A BILL TO BE ENTITLED
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AN ACT
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relating to an appropriation of money from the economic |
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stabilization fund to decrease participants' health insurance |
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costs for certain health benefit plans administered by the Teacher |
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Retirement System of Texas. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. The amount of $212.7 million is appropriated |
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from the economic stabilization fund to the retired school |
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employees group insurance fund established under Section 1575.301, |
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Insurance Code, for use by the Teacher Retirement System of Texas to |
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decrease the costs for the 2018 and 2019 plan years for participants |
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in the Texas Public School Employees Group Insurance Program |
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authorized by Chapter 1575, Insurance Code. |
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SECTION 2. The Teacher Retirement System of Texas may use |
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funds appropriated by this Act only to: |
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(1) decrease the premiums and deductibles that would |
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otherwise be paid during the 2018 and 2019 plan years by |
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participants in the Texas Public School Employees Group Insurance |
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Program authorized by Chapter 1575, Insurance Code; and |
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(2) reduce costs for an enrolled adult child with a |
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mental disability or a physical incapacity during the 2018 and 2019 |
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plan years. |
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SECTION 3. (a) Subject to Subsection (b) of this section: |
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(1) this Act takes effect immediately if it receives a |
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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; and |
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(2) if this Act does not receive the vote necessary for |
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immediate effect, this Act takes effect on the 91st day after the |
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last day of the legislative session. |
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(b) This Act takes effect only if it receives a vote of |
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two-thirds of the members present in each house of the legislature, |
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as provided by Section 49-g(m), Article III, Texas Constitution. |