The Texas Legislature meets in regular session in January of each odd-numbered year. View the list of summarized bills below that affect the programs administered by the ERS. View the Legislative Appropriations Request FY 2012-13
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The following is a list of some of the bills that passed and affect the programs administered by the ERS. For more information on legislation, please visit the Texas Legislature Online website.
General Appropriation Bills (State Budget Bills)
Retirement:∙ ERS – State contribution rates of 6.5%, plus up to 1% from FY 13 unexpended balances for FY 14; 7.5% for FY 15; plus an additional state agency contribution at the rate of 0.5% of base payroll for both years of biennium∙ LECOSRF – 0.5% state contribution rate for both years of biennium∙ JRS 2 – 15.66% state contribution rate for both years of biennium∙ JRS 1 – Fully funded
Group Health Plan: ∙ Funded sufficiently to potentially avoid benefit changes through FY 2015∙ Allows deposit of any FY 13 unexpended balance remaining after increasing ERS’ retirement contribution by 1%∙ Maintains current 100% member and 50% dependent state contribution∙ Maintains 1% of base payroll contribution from participating state agencies and higher education institutions∙ Automatic charge of $30 monthly tobacco user fee for participants ≥ age 18, unless certified as not using tobacco during annual enrollment∙ ERS is to study the effects of offering basic life and basic health plans
Other Benefits:∙ Public Safety Benefits (Chapter 615) – Fully funded∙ Retiree Death Benefits – Fully funded
Potential for 1% in FY14 from re-application of unexpended balances to ERS retirement trust.
*ASC is the Actuarially Sound Contribution rate that is required to pay the fund's liabilities within 31 years, per Texas law.