HB4837 - Relating to employer contributions for retirees of the Teacher Retirement System of Texas who resume certain employment with a public school.

  89R16026 RDR-F     By: Anchía H.B. No. 4837       A BILL TO BE ENTITLED   AN ACT   relating to employer contributions for retirees of the Teacher   Retirement System of Texas who resume certain employment with a   public school.          BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:          SECTION 1.  Section 825.4092, Government Code, is amended by   amending Subsection (b) and adding Subsection (b-1) to read as   follows:          (b)  Except as provided by Subsection (e) and subject to   Subsection (b-1) , during each payroll period for which a retiree is   reported, the employer shall contribute to the retirement system   for each retiree reported an amount based on the retiree's salary   equal to the difference between [ sum of ]:                (1)   the sum of:                       (A)   the current contribution amount that would be   contributed by the retiree if the retiree were an active,   contributing member; and                       (B)  [ (2) ]  the current contribution amount   authorized by the General Appropriations Act that the state would   contribute for that retiree if the retiree were an active,   contributing member ; and                 (2)     as determined by the actuary of the retirement   system, an amount equal to a percentage of the retiree's   compensation attributable to the payroll period where the   percentage is the estimated normal cost of the retirement system   for the current year expressed as a percentage of aggregate annual   compensation of all members of the retirement system .           (b-1)     Subsection (b) applies only if the amount under   Subsection (b)(1) exceeds the amount under Subsection (b)(2). If   during a payroll period the amount under Subsection (b)(2) exceeds   the amount under Subsection (b)(1), the employer is not required to   make a contribution under Subsection (b).          SECTION 2.  The changes in law made by this Act apply   beginning with the 2025-2026 school year.          SECTION 3.  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, 2025.