Bill Text: TX HB3441 | 2023-2024 | 88th Legislature | Introduced

Texas House Bill 3441 (Prior Session Legislation)

Introduced

Bill Title: Relating to member contributions to the Texas Municipal Retirement System.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Introduced - Dead) 2023-04-19 - Left pending in committee [HB3441 Detail]

Download: Texas-2023-HB3441-Introduced.html

	88R10637 BDP-F

	By: Hunter	H.B. No. 3441



	A BILL TO BE ENTITLED
	AN ACT
	relating to member contributions to the Texas Municipal Retirement
	System.
	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
	SECTION 1. Section 855.401(a), Government Code, is amended
	to read as follows:
	(a) Each municipality that has one or more departments
	participating in the retirement system by ordinance shall designate
	the rate of member contributions for employees. The municipality
	shall elect a rate of five, six, [or] seven, or eight percent of the
	employees' compensation. All departments of a participating
	municipality must have the same employee contribution rate, except
	that any municipality that before September 1, 1991, has elected to
	have different rates of member contributions in different
	departments may continue member contributions in accordance with
	its existing ordinances until the municipality elects to equalize
	the rates.
	SECTION 2. This Act takes effect September 1, 2023.