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TX HB4694
Bill
Status
3/12/2025
Primary Sponsor
Janie Lopez
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AI Summary
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Allows certain retirees from the Employees Retirement System of Texas (ERS) employee class to rejoin the retirement system if they have 25+ years of service credit with some time as a state agency head
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Requires the new position to be a governor-appointed role requiring Senate confirmation with a salary set by the General Appropriations Act
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Suspends annuity payments for employee class retirees who elect to rejoin the system until they leave the qualifying position
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Permits retirees who rejoin and subsequently retire again to select a new annuity based on combined service as if retiring for the first time
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Takes effect September 1, 2025
Legislative Description
Relating to benefits available under the Employees Retirement System of Texas for certain retirees who resume membership in the employee class of membership.
Retirement Systems
Last Action
Referred to Pensions, Investments & Financial Services
4/3/2025