SB 1544
AN ACT relating to member contributions to the Texas Municipal Retirement
Senate Bill
89th Regular Session
Jan 14, 2025 - Jun 2, 2025 • Session ended
Awaiting Committee Assignment
Bill filed, pending referral to Senate committee
Committee
Not yet assigned
Fiscal Note
Not available
What This Bill Does
relating to member contributions to the Texas Municipal Retirement
Bill Text
relating to member contributions to the Texas Municipal Retirement BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: SECTION 1. Section 855.401(a), Government Code, is amended (a) Each municipality that has one or more departments participating in the retirement system by ordinance shall designate the rate of member contributions for employees. The municipality shall elect a rate of five, six, [or] seven, or eight percent of the employees' compensation. All departments of a participating municipality must have the same employee contribution rate, except that any municipality that before September 1, 1991, has elected to have different rates of member contributions in different departments may continue member contributions in accordance with its existing ordinances until the municipality elects to equalize SECTION 2. This Act takes effect September 1, 2025.
Bill History
filed
Bill filed: AN ACT relating to member contributions to the Texas Municipal Retirement
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