TITLE: Relating to the payment of certain employer contributions for employed retirees of the Teacher Retirement System of Texas.

SUMMARY: Relating to the payment of certain employer contributions for employed retirees of the Teacher Retirement System of Texas.

FULL TEXT:
AN ACT relating to the payment of certain employer contributions for employed retirees of the Teacher Retirement System of Texas. BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: SECTION 1. Section 825.4092, Government Code, is amended by adding Subsection (h) to read as follows: (h) Notwithstanding any other provision of this section, the amounts required to be paid under Subsections (b) and (c) are not required to be paid by a reporting employer for a retiree who retired from the retirement system on or after September 1, 2005, and is employed by the reporting employer during the 2023-2024 school year or the 2024-2025 school year. This subsection expires September 1, 2025. SECTION 2. 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.