TX SB2436

Establishes Travis County as the exclusive venue for any legal action brought against the Texas Municipal Retirement System and for related administrative hearings

Accelerates participation start date for new departments from the second month to the first month after the retirement system receives notice of election to participate

Removes maximum contribution rate limitations for municipalities, requiring them to contribute at whatever rate the actuary determines necessary to fund all obligations within the amortization period

Expands options for computing annuity increases to include 40% and 60% of Consumer Price Index changes (in addition to existing 30%, 50%, and 70% options) for ordinances effective on or after January 1, 2026

Standardizes effective dates for various municipal ordinances related to service credit, contribution rates, and vesting elections to take effect January 1 of the year following receipt by the retirement system