SB 2491

relating to employer contributions for retirees of the Teacher
Retirement System of Texas who resume certain employment with a
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
(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]:
(A)  the current contribution amount that would be
contributed by the retiree if the retiree were an active,
(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,
(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.