TX HB4875

Reduces the number of trustees appointed by the mayor (in consultation with city council) from six to four on the 11-member pension board for police and firefighter retirement systems

Creates separate trustee positions for former police officers and former firefighters, each nominated and elected by pension system members, in addition to existing positions for current police officers and firefighters

Requires trustees to reside in the nominating city, changing from previous law that had no residency requirement for any particular city or county

Lowers the attendance threshold for removal from missing more than 40% of eligible meetings to missing more than one-third, and eliminates the provision allowing board-approved excuses for absences

Limits the expertise requirements (financial, accounting, business, investment, budgeting, real estate, or actuarial experience) to trustees appointed by the mayor or elected from the general slate, not those in designated police/firefighter positions

Takes effect September 1, 2025, with changes applying only to appointments or vacancies occurring on or after that date