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SJR 5, 54th Regular Session
Proposing an amendment to the Constitution of the State of Texas, amending section 48a,Article III, so as to authorize needed changes in and revision of the Teacher Retirement System of Texas, providing for the necessary election, form of ballot, proclamation, and publication.

Proposition Prop. 4 - For the constitutional amendment empowering the Legislature to revise the existing Teacher Retirement System and to broaden the benefits to employees of public schools, colleges, and universities supported wholly or partly by the State, authorizing that the State's contributions for such purposes shall equal contributions by such employees and providing that they do not exceed six per centum (6%) of the compensation paid each such employee by the State or school district or the sum of Five Hundred Four Dollars ($504.00) for each year for any such employee, regulating the eligibility of such employees for retirement benefits and prescribing the manner of investing money accruing to the retirement fund.

Outcome: Adopted

Election date: 11/06/1956

Votes for: 1,350,372
Votes against: 166,788

Articles affected Article 3 : Amends §48a   

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