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

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

FULL TEXT:
AN ACT relating to the payment of certain employer contributions for retirees of the Teacher Retirement System of Texas who resume service. BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: SECTION 1. Section 825.4092(f), Government Code, as added by Chapter 546 (S.B. 202), Acts of the 87th Legislature, Regular Session, 2021, is amended to read as follows: (f) A reporting employer may recover the cost [is ultimately responsible for payment] of the amounts required to be contributed under Subsections (b) and (c) from [. The employer may not directly or indirectly pass that cost on to] the retiree through payroll deduction,but only to the extent the deduction would not result in the retiree's compensation equaling an amount that is less than the minimum salary required by Section 21.402, Education Code, if applicable [ by imposition of a fee, or by any other means designed to recover the cost].SECTION 2. The changes in law made by this Act apply to a retiree of the Teacher Retirement System of Texas regardless of whether the person retired from employment before, on, or after the effective date of this Act. SECTION 3. The changes in law made by this Act apply beginning with the 2023-2024 school year. SECTION 4. 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.