H.B. No. 4837 amends Section 825.4092 of the Government Code to modify employer contributions for retirees of the Teacher Retirement System of Texas who return to work in public schools. The bill introduces new provisions that require employers to contribute an amount based on the retiree's salary, which is determined by the difference between two calculations: the sum of the current contribution amounts that would be made if the retiree were an active member, and an additional amount calculated as a percentage of the retiree's compensation. The new language specifies that the employer is only required to make contributions if the first calculation exceeds the second.

The changes outlined in the bill will take effect starting with the 2025-2026 school year. Additionally, the bill stipulates that it will become effective immediately if it receives a two-thirds majority vote from both houses of the Texas Legislature; otherwise, it will take effect on September 1, 2025.

Statutes affected:
Introduced: Government Code 825.4092 (Government Code 825)