83R198 SGA-D
 
  By: Perry H.B. No. 99
 
 
 
A BILL TO BE ENTITLED
 
AN ACT
  relating to the state contributions to the Teacher Retirement
  System of Texas.
         BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
         SECTION 1.  Section 825.404, Government Code, is amended by
  adding Subsection (a-1) to read as follows:
         (a-1)  During each fiscal biennium, the state's contribution
  percentage under Subsection (a) must be not less than the amount of
  the federal Old-Age, Survivors, and Disability Insurance (OASDI)
  tax rate in effect on January 1 of the year preceding the biennium
  under 26 U.S.C. Section 3101(a). This subsection applies only to a
  state fiscal biennium for which the OASDI tax rate in effect on the
  preceding January 1 is at least 6 and not more than 10 percent.
         SECTION 2.  Section 825.404(a-1), Government Code, as added
  by this Act, applies to state contributions to the Teacher
  Retirement System of Texas for public education employees beginning
  with the first state contribution amount for that purpose made on or
  after September 1, 2013.
         SECTION 3.  This Act takes effect immediately if it receives
  a vote of two-thirds of all the members elected to each house, as
  provided by Section 39, Article III, Texas Constitution.  If this
  Act does not receive the vote necessary for immediate effect, this
  Act takes effect September 1, 2013.