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A BILL TO BE ENTITLED
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AN ACT
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relating to the standard service retirement annuity for certain |
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members of the elected class of the Employees Retirement System of |
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Texas. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 814.103, Government Code, is amended by |
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amending Subsection (a) and adding Subsection (c) to read as |
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follows: |
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(a) Except as provided by Subsection (b), the standard |
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service retirement annuity for service credited in the elected |
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class of membership for a person described by Section 812.002(a)(3) |
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is an amount equal to the number of years of service credit in that |
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class, times two percent of the state salary, excluding longevity |
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pay payable under Section 659.0445 and as adjusted from time to |
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time, being paid a district judge. |
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(c) The standard service retirement annuity for service |
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credited in the elected class of membership for a person described |
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by Section 812.002(a)(1) or (2) is an amount equal to the number of |
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years of service credit in that class, times two percent of the |
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state salary being paid a district judge on August 31, 2017, |
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excluding longevity pay payable under Section 659.0445. |
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SECTION 2. The change in law made by this Act applies only |
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to the standard service retirement annuity for a person who retires |
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on or after September 1, 2017. A person who retires before the |
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effective date of this Act is governed by the law in effect |
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immediately before the effective date of this Act, and the former |
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law is continued in effect for that purpose. |
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SECTION 3. This Act takes effect September 1, 2017. |