Bill Text: TX HB3599 | 2019-2020 | 86th Legislature | Introduced
Bill Title: Relating to certain increases in benefits under the firefighters' relief and retirement fund in certain municipalities.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Engrossed - Dead) 2019-04-29 - Referred to State Affairs [HB3599 Detail]
Download: Texas-2019-HB3599-Introduced.html
| 86R11212 KFF-F | ||
| By: Huberty | H.B. No. 3599 | |
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| 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, 2019. | ||
