H.B. No. 3221 amends Section 825.4035(c) of the Government Code to modify employer contributions to the Teacher Retirement System of Texas. The bill specifies that employers must contribute monthly for certain members described in Section 825.405(a)(1), (2), or (3), with the contribution rates varying based on the report month and the state contribution rate for the fiscal year. The contributions are set at 1.5 percent of the statutory minimum salary for specific periods, with adjustments based on the state contribution rate for subsequent years.

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 Act. If the necessary funding is not provided, the retirement system is prohibited from implementing the changes. The Act is set to take effect either immediately upon receiving a two-thirds vote from both houses 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)