Pensions and Retirement Benefits - As enacted, restores the requirement that a retired member's new employer pay to TCRS during each period of reemployment the greater of a payment equal to the amount the employer would have contributed to the retirement system had the retired member been a member of the retirement system during the period of reemployment; or an amount equal to 5 percent of the retired member's pay rate for reemployment in a position covered by the retirement system without the loss or suspension of the retired member's TCRS benefits. - Amends TCA Title 8 and Title 49.