| Old | New | Differences | |
|---|---|---|---|
| 1 | 1 | 89R9327 RDR-F | |
| 2 | 2 | By: Hinojosa of Nueces S.B. No. 1544 | |
| 3 | 3 | ||
| 4 | 4 | ||
| 5 | 5 | ||
| 6 | 6 | ||
| 7 | 7 | A BILL TO BE ENTITLED | |
| 8 | 8 | AN ACT | |
| 9 | 9 | relating to member contributions to the Texas Municipal Retirement | |
| 10 | 10 | System. | |
| 11 | 11 | BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | |
| 12 | 12 | SECTION 1. Section 855.401(a), Government Code, is amended | |
| 13 | 13 | to read as follows: | |
| 14 | 14 | (a) Each municipality that has one or more departments | |
| 15 | 15 | participating in the retirement system by ordinance shall designate | |
| 16 | 16 | the rate of member contributions for employees. The municipality | |
| 17 | 17 | shall elect a rate of five, six, [or] seven, or eight percent of the | |
| 18 | 18 | employees' compensation. All departments of a participating | |
| 19 | 19 | municipality must have the same employee contribution rate, except | |
| 20 | 20 | that any municipality that before September 1, 1991, has elected to | |
| 21 | 21 | have different rates of member contributions in different | |
| 22 | 22 | departments may continue member contributions in accordance with | |
| 23 | 23 | its existing ordinances until the municipality elects to equalize | |
| 24 | 24 | the rates. | |
| 25 | 25 | SECTION 2. This Act takes effect September 1, 2025. |