TX HB4591

Establishes a minimum city/town contribution rate of 18% of total member wages to fire and police pension funds, subject to adjustments based on actuarial determinations

Changes the amortization period for unfunded actuarial accrued liability from 40 years to 30 years when determining if contribution rate increases are needed

Allows contribution rate decreases only when a qualified actuary determines the pension fund has no unfunded actuarial accrued liability, replacing the previous 25-year amortization standard

Requires that when the city/town increases or decreases its contribution rate, member contribution rates must adjust proportionally using a specified formula

Applies the new 18% minimum contribution requirement retroactively to contributions made on or after May 1, 2023, with the act taking effect September 1, 2025