87R2228 KFF-F
By: Creighton S.B. No. 803
A BILL TO BE ENTITLED
AN ACT
relating to certain increases in benefits under the firefighters'
relief and retirement fund in certain municipalities.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Section 11(c), Article 6243e.2(1), Revised
Statutes, is amended to read as follows:
(c) Subject to Subsection (c-3) of this section and except
as provided by Subsection (c-4) of this section, beginning with the
fiscal year ending June 30, 2021, the benefits, including survivor
benefits, payable based on the service of a member who has
terminated active service and who is or would have been at least 55
years old, terminated active service under Section 4 of this
article before July 1, 2017, and is or would have been at least 48
years old, received or is receiving an on-duty disability pension
under Section 6(c) of this article, or died under the conditions
described by Section 7(c) of this article, shall be increased in
October of each year by a percentage rate equal to the most recent
five fiscal years' smoothed return, as determined by the fund
actuary, minus 475 basis points.
SECTION 2. This Act takes effect immediately if it receives
a vote of two-thirds of all the members elected to each house, as
provided by Section 39, Article III, Texas Constitution. If this
Act does not receive the vote necessary for immediate effect, this
Act takes effect September 1, 2021.