By: Keffer H.B. No. 1383
 
 
 
A BILL TO BE ENTITLED
 
AN ACT
  relating to the state contribution for 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
  amending Subsection (a) and adding Subsection (a-1) to read as
  follows:
         (a)  During each fiscal year, the state shall contribute to
  the retirement system an amount equal to at least 7.4 and not more
  than 10 percent of the aggregate annual compensation of all members
  of the retirement system during that fiscal year. The amount of the
  state contribution made under this section may not be less than the
  amount contributed by members during that fiscal year in accordance
  with Section 825.402.
         (a-1)  Notwithstanding Subsection (a), during the fiscal
  year beginning September 1, 2013, the state shall contribute to the
  retirement system an amount equal to 6.9 percent of the aggregate
  annual compensation of all members of the retirement system during
  that fiscal year. During the fiscal year beginning September 1,
  2014, the state shall contribute to the retirement system an amount
  equal to 7.4 percent of the aggregate annual compensation of all
  members of the retirement system during that fiscal year. This
  subsection expires September 1, 2015.
 
         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.  If this
  Act does not receive the vote necessary for immediate effect, this
  Act takes effect September 1, 2013.