H.B. No. 2434 amends Section 813.514 of the Government Code to allow members of the Employees Retirement System of Texas to establish service credit for each month of a 90-day waiting period during which they performed service, regardless of whether they made contributions during that time. The bill introduces new provisions that stipulate if a member purchases service credit for a month prior to their most recent hiring date, the retirement system will consider the member's hiring date as the first day of the month for which service credit is purchased. Additionally, the bill mandates that the retirement system compute the required deposit for purchasing service credit in a way that avoids any actuarial loss to the system.

The effective date for this legislation is set for September 1, 2025. The bill received overwhelming support in both the House and Senate, passing with a vote of 145-1 in the House and 31-0 in the Senate.

Statutes affected:
Introduced: Government Code 813.514 (Government Code 813)
House Committee Report: Government Code 813.514 (Government Code 813)
Engrossed: Government Code 813.514 (Government Code 813)
Senate Committee Report: Government Code 813.514 (Government Code 813)
Enrolled: Government Code 813.514 (Government Code 813)