Texas Government Code 815.403 – Collection of State Contributions
(a) During each fiscal year, the state shall contribute to the retirement system:
(1) an amount equal to 9.5 percent of the total compensation of all members of the retirement system for that year;
(2) money to pay lump-sum death benefits for retirees under § 814.501;
(3) an amount for the law enforcement and custodial officer supplemental retirement fund equal to 2.13 percent of the aggregate state compensation of all custodial and law enforcement officers for that year;
(4) money necessary for the administration of the law enforcement and custodial officer supplemental retirement fund; and
(5) money for service credit not previously established, as provided by § 813.202(c) or 813.302(d).
(b) Before November 2 of each even-numbered year, the retirement system shall certify to the Legislative Budget Board and to the budget division of the governor’s office for review:
(1) an estimate of the amount necessary to pay the state’s contribution under Subsections (a)(1), (a)(2), (a)(3), and (a)(5) for the following biennium; and
(2) as a separate item, an estimate of the amount required to administer the law enforcement and custodial officer supplemental retirement fund for the following biennium.
Terms Used In Texas Government Code 815.403
- Comptroller: means the state comptroller of public accounts. See Texas Government Code 312.011
- Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
- Year: means 12 consecutive months. See Texas Government Code 311.005
(c) The amounts certified under Subsection (b) shall be included in the budget of the state that the governor submits to the legislature.
(d) Before September 1 of each year, the retirement system shall certify to the state comptroller of public accounts:
(1) an estimate of the amount necessary to pay the state’s contribution under Subsection (a)(1) for the following fiscal year;
(2) an estimate of the amount necessary to pay membership fees for the following fiscal year, if the legislature has appropriated money for that purpose; and
(3) an estimate of the amount required to pay lump-sum death benefits for retirees under § 814.501 for the following fiscal year.
(e) All money allocated and appropriated by the state to the retirement system for benefits provided by the retirement system, except money for the payment of lump-sum death benefits and for the payment of benefits from the law enforcement and custodial officer supplemental retirement fund, shall be paid, based on the annual estimate of the retirement system, in monthly installments to the state accumulation fund. The money required for state contributions and membership fees shall be from respective funds appropriated to pay the compensation of the member for whose benefit the contribution or fee is paid. If the total of the estimated required payments is not equal to the total of the actual payments required for a fiscal year, the retirement system shall certify to the state comptroller of public accounts at the end of that year the amount required for necessary adjustments, and the comptroller shall make the required adjustments.
(f) On certification by the retirement system, the comptroller of public accounts shall transfer from the general revenue fund to the state accumulation account of the retirement system the amount then required for the payment of lump-sum death benefits for retirees under § 814.501.
(g) Repealed by Acts 1995, 74th Leg., ch. 586, Sec. 45(3), eff. Aug. 28, 1995.