H.B. No. 3221 proposes amendments to the Teacher Retirement System of Texas, specifically regarding employer contributions. The bill modifies Section 825.4035(c) of the Government Code, removing previous language that specified conditions under which a member would be entitled to minimum salary contributions. Instead, it introduces new language that clarifies the employer's obligation to contribute monthly to the retirement system for members described in Section 825.405(a)(1), (2), or (3). The bill outlines a tiered contribution structure based on the report months from September 2014 through August 2019 and beyond, detailing specific percentages of the statutory minimum salary that employers must contribute.

The implementation of this act is contingent upon the Teacher Retirement System of Texas receiving sufficient appropriations from the legislature to cover any increase in unfunded actuarial liabilities resulting from the bill's provisions. If the board of trustees determines that adequate funding is not provided, the act will not be implemented. The bill is set to take effect immediately upon receiving a two-thirds vote from both houses of the legislature or on September 1, 2025, if such a vote is not achieved.

Statutes affected:
Introduced: Government Code 825.4035 (Government Code 825)
House Committee Report: Government Code 825.4035 (Government Code 825)
Engrossed: Government Code 825.4035 (Government Code 825)