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TX HB5015

Bill

Official Source

Status

Engrossed

4/30/2025

Primary Sponsor

Charlie Geren

Click for details

Origin

House of Representatives

89th Legislature Regular Session

AI Summary

  • Amends Section 803.0021 of the Government Code to lower the minimum population threshold for municipal retirement system participation in the proportionate retirement program from 950,000 to 900,000

  • Maintains the existing maximum population threshold of 1,050,000 for eligible municipalities

  • Allows retirement systems for general municipal employees in cities with populations between 900,000 and 1,050,000 to participate in the proportionate retirement program

  • Takes effect September 1, 2025

Legislative Description

Relating to participation by certain municipal retirement systems in the proportionate retirement program.

Retirement Systems

Last Action

Referred to Finance

5/5/2025

Committee Referrals

Finance5/5/2025
Pensions, Investments & Financial Services4/3/2025

Full Bill Text

No bill text available