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77tR) SB 522, Enrolled version - Bill Text Page 1 of 12 1-2 1-3 1-4 1-5 1-6 1-7 1-8 1-9 1-10 AN AC T relating to participation and credit in, contributions to, and benefits and administration of the Texas Municipal Retirement System. BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: SECTION 1. Section 851.001, Government Code, is amended by adding Subdivisions (17), (18), and (19), to read as follows: (17) "Beneficiary" means a person desiqn ated by a member, annuitant, or by statute to recei ye a benefit payable under this subtitle as a result of the death of a member or annuitant. 1-11 1-12 1-13 1-14 1-15 1-16 1-17 1-18 1-19 1-20 1-21 1-22 1-23 1-24 1-25 2-1 2-2 2-3 2-4 2-5 2-6 2-7 2-8 2-9 2-10 2-11 2-12 2-13 2-14 2-15 2-16 2-17 2-18 2-19 2-20 2-21 2-22 2-23 2-24 2-25 2-26 3-1 3-2 3-3 3-4 3-5 3-6 3-7 3-8 3-9 (18) "Director" means the person appoint ed executive director under Section 855.201. (19) "Vested member" means a member who may withdraw from employment with all participating mu nicipalities, leave the member's accumulated contributions on deposit with the retirement system and, on meeting the age and lenqth of service requirements, file an application for retirement and be gin to receive a service retirement benefit. SECTION 2. Section 852.106, Government Code, is amended by amending Subsection (a) and adding Subsection (e) to read as follows: (a) Except as provided by t his section~[~] [-~-] a person who is elected to public office is not an employee eligible for membership in the retirement system[ ~ nnd] [ ~ ~ ~ ..... 4~ ~ ..... ~ ...... ~ibl~ for (e) A person may simultaneously be a member of this retirement system and another state or lo cal retirement system authorized or established under Section 6 7, Article XVI, Texas Constitution. However, a person may receive a benefit from this system only to the extent that the amount of the benefit is computed solely with respect to the member's compensation and accumulated contributions as those terms are defined in this subtitle. Service credited with or allow ed by another retirement system may not be counted for purposes of retirement eliqibility in this retirement system except in accordan ce with the provisions of the proportionate retirement program described by Chapter 803. SECTION 3. Subsection (9), is amended to read as follows: (g) If a person with credit dies before a payment under Subsec beneficiary, or if there is no ben Section 852.108, Government Code, ed service under this section tion (i) is made, the person's eficiary surviving, the executor or administrator of the person's e state, may elect payment as provided by Section 854.105 SECTION 4. subsection (c), Section 852.109, Government Code, is amended to read as follows: (c) If a person with credit ed service under this section dies before a payment under Subsect ion (e) is made, the person's beneficiary, or if there is no beneficiary surviving, the executor or administrator of the person's es tare, may elect payment as provided by Section 854.105 [o~ ~=(~? ]. SECTION 5. Subsection (f), Section 853.105, Government Code, is amended to read as follows: (f) Interest on a prior serv ice credit is earned for each whole calendar year beginning on the effective date of membership and ending on the effective date of retirement. If a person http://www.capitol.state.tx.us/cgi-birdtlo/viewtext cmd. LEG=77&SESS=R&CHAMBER=... 11/1/2001