Journal of the Senate of Texas: 83rd Legislature, Regular Session, Wednesday, May 8, 2013 Page: 1,621
This legislative document is part of the collection entitled: Texas State Publications and was provided to The Portal to Texas History by the UNT Libraries Government Documents Department.
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Wednesday, May 8, 2013 SENATE JOURNAL 1621
Floor Amendment No. 2
Amend Floor Amendment No. 1 to CSSB 1458 by striking subdivision (3) (page
5, line 15 through page 7, line 14) that was substituting SECTION 5 of C.S.S.B. 1458,
and replace with the following:
(3) Strike SECTION 5 of the bill, amending Section 825.402, Government Code
(page 3, line 39 through page 4, line 19), and substitute the following appropriately
numbered SECTION:
SECTION 5. Section 825.402, Government Code, is amended to read as
follows:
Sec. 825.402. RATE OF MEMBER CONTRIBUTIONS. [()] The rate of
contributions for each member of the retirement system is:
(1) five percent of the member's annual compensation or $180, whichever is
less, for service rendered after August 31, 1937, and before September 1, 1957;
(2) six percent of the first $8,400 of the member's annual compensation for
service rendered after August 31, 1957, and before September 1, 1969;
(3) six percent of the member's annual compensation for service rendered
after August 31, 1969, and before the first day of the 1977-78 school year;
(4) 6.65 percent of the member's annual compensation for service rendered
after the last day of the period described by Subdivision (3) and before September 1,
1985[.-ani]
(5) 6.4 percent of the member's annual compensation for service rendered
after August 31, 1985, and before September 1, 2014;
(6) 6.7 percent of the member's annual compensation for service rendered
after August 31, 2014, and before September 1, 2015;
(7) 7.2 percent of the member's annual compensation for service rendered
after August 31, 2015, and before September 1, 2016;
(8) 7.7 percent of the member's annual compensation for service rendered
after August 31, 2016, and before September 1, 2017; and
(9) for service rendered on or after September 1, 2017, the lesser of:
(A) 7.7 percent of the member's annual compensation; or
(B) a percentage of the member's annual compensation equal to 7.7
percent reduced by one-tenth of one percent for each one-tenth of one percent that the
state contribution rate for the fiscal year to which the service relates, is less than the
state contribution rate established for the 2015 fiscal year [, ].
gevc edered after the date of the order i f:641
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Texas. Legislature. Senate. Journal of the Senate of Texas: 83rd Legislature, Regular Session, Wednesday, May 8, 2013, legislative document, May 8, 2013; Austin, Texas. (https://texashistory.unt.edu/ark:/67531/metapth641149/m1/39/?q=%22%22~1: accessed July 16, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; crediting UNT Libraries Government Documents Department.