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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 Subsections [Subsection] (b) and |
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(c), the standard service retirement annuity for service credited |
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in the elected class of membership is an amount equal to the number |
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of years of service credit in that class, times two percent of the |
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state salary, excluding longevity pay payable under Section |
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659.0445 and as adjusted from time to time, being paid a district |
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judge. |
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(c) The standard service retirement annuity for a person who |
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is first eligible to become a member of the elected class on or |
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after September 1, 2015, is an amount equal to the number of years |
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of service credit in that class, not to exceed 12 years of service |
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credit, times two percent of $125,000. |
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SECTION 2. This Act takes effect September 1, 2015. |