85R8706 KFF-D     By: Lozano H.B. No. 3670       A BILL TO BE ENTITLED   AN ACT   relating to the accrual of interest on annuity and other payments   made to certain retirees who have resumed employment within the   Texas Municipal Retirement System.          BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:          SECTION 1.  Sections 852.108(f) and (j), Government Code,   are amended to read as follows:          (f)  Monthly payments of a suspended annuity shall be resumed   in the month following the month in which employment is terminated   with the reemploying municipality and recomputed to reflect the   accumulation of interest, [without change in the amount except for]   any increase allowed under Section 854.203, and [or] the duration   of or another condition pertaining to the suspended benefit. Except   as provided by Subsection (j), payment of the resumed benefit may   not be made for any month during which the payment was suspended   under this section.          (j)  A person to whom this section applies shall receive a   lump-sum payment in an amount equal to the sum of the service   retirement annuity payments the person would have received had the   person's annuity payments not been discontinued and suspended under   this section, plus accumulated interest, if the person:                (1)  initially retired based on a bona fide termination   of employment; and                (2)  resumed employment with the person's reemploying   municipality at least eight years after the effective date of the   person's retirement.          SECTION 2.  The change in law made by this Act applies only   to a member of the Texas Municipal Retirement System who terminates   employment with the person's reemploying municipality and files an   application for resumption of retirement with the board of trustees   of the Texas Municipal Retirement System under Section 852.108,   Government Code, as amended by this Act, on or after the effective   date of this Act. A member who terminates employment with the   person's reemploying municipality and files an application for   resumption of retirement with the board under Section 852.108,   Government Code, before the effective date of this Act is governed   by the law as it existed immediately before that date, and the   former law is continued in effect for that purpose.          SECTION 3.  This Act takes effect September 1, 2017.