HBA-SEB H.B. 1057 76(R) BILL ANALYSIS Office of House Bill AnalysisH.B. 1057 By: Berman Pensions and Investments 2/26/1999 Introduced BACKGROUND AND PURPOSE Currently, the retirement pay for a legislator or other person in the elected class of membership within the Employees Retirement System of Texas (retirement system) is two percent of the state salary of a district judge. Since the legislature controls the salary of a district judge, the public may perceive an increase in the judge's salary as a move to raise the retirement annuity of the elected class. H.B. 1057 separates the annuity of the elected class of membership of the retirement system from the salary of a district judge and provides that the annuity formula is 2.25 percent of $101,700, multiplied by the number of years the member of the elected class has served. RULEMAKING AUTHORITY It is the opinion of the Office of House Bill Analysis that this bill does not expressly delegate any additional rulemaking authority to a state officer, department, agency, or institution. SECTION BY SECTION ANALYSIS SECTION 1. Amends Section 814.103(a), Government Code, to alter the formula for computing the standard service retirement annuity for service credited in the elected class of membership in the Employees Retirement System of Texas (retirement system). Changes the multiplier of the number of years of service credit from two percent of a district judge's state salary to 2.25 percent of $101,700, not to exceed 100 percent of a district judge's state salary. SECTION 2. Provides that the legislature intends to freeze annuities for annuitants of the elected class of the retirement system at the rate being paid at the time the legislation is enacted. SECTION 3. Emergency clause. Effective date: upon passage.