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TX SB1529
Bill
Status
2/21/2025
Primary Sponsor
Royce West
Click for details
AI Summary
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Extends the Deferred Retirement Option Plan (DROP) participation period from 10 years to 20 years before retirement pension credits cease being deposited into a member's DROP account for police and firefighters in certain municipalities
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Applies to all DROP participants regardless of whether they began participation before, on, or after the bill's effective date
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Members whose pension credits stopped under the previous 10-year limit (on or after January 1, 2018) will not receive retroactive credits for the gap period between when credits stopped and August 31, 2025
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Amends Article 6243a-1 of the Revised Statutes governing municipal police and firefighter retirement systems
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Takes effect September 1, 2025
Legislative Description
Relating to participation in a deferred retirement option plan by members of the retirement systems for police and fire fighters in certain municipalities.
Retirement Systems
Last Action
Referred to Finance
3/6/2025