Bill Text: TX HB4875 | 2025-2026 | 89th Legislature | Introduced


Bill Title: Relating to the board of trustees of the retirement systems for police and firefighters in certain municipalities.

Sponsorship: Partisan Bill (Democrat 1)

Status: (Introduced - Dead) 2025-04-03 - Referred to Pensions, Investments & Financial Services [HB4875 Detail]

Download: Texas-2025-HB4875-Introduced.html
  89R15745 RDR-D
 
  By: Y. Davis of Dallas H.B. No. 4875
 
 
 
A BILL TO BE ENTITLED
 
AN ACT
  relating to the board of trustees of the retirement systems for
  police and firefighters in certain municipalities.
         BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
         SECTION 1.  Sections 3.01(b), (b-1), (b-4), (d), (e), and
  (f), Article 6243a-1, Revised Statutes, are amended to read as
  follows:
         (b)  Subject to Subsections (b-1) and (b-2) of this section,
  the board consists of 11 trustees who shall be selected and shall
  serve as follows:
               (1)  four [six] trustees appointed by the mayor, in
  consultation with the city council;
               (2)  three trustees elected under rules adopted by the
  board by the members and pensioners of the pension system from a
  slate of nominees, in a number determined under the rules, selected
  and vetted by the nominations committee;
               (3)  [subject to Subsection (b-3) of this section,] one
  trustee who is a current [or former] police officer of the city
  nominated and elected by members of the pension system under rules
  adopted by the board; [and]
               (4)  [subject to Subsection (b-3) of this section,] one
  trustee who is a current [or former] fire fighter of the city
  nominated and elected by members of the pension system under rules
  adopted by the board;
               (5)  one trustee who is a former police officer of the
  city nominated and elected by members of the pension system under
  rules adopted by the board; and
               (6)  one trustee who is a former fire fighter of the
  city nominated and elected by members of the pension system under
  rules adopted by the board.
         (b-1)  To be appointed or elected a trustee under Subsection
  (b)(1) or (2) of this section, a person:
               (1)  must have demonstrated financial, accounting,
  business, investment, budgeting, real estate, or actuarial
  expertise; and
               (2)  may not be an elected official of the city.
         (b-4)  A trustee is [not] required to reside in the
  nominating [a particular] city [or county of this state].
         (d)  A vacancy on the board in a trustee position under
  Subsection (b)(1), [or] (2), (5), or (6) of this section shall be
  filled in the same manner as the original appointment, or election.
  The board by rule shall determine the manner by which a vacancy in a
  trustee position under Subsection (b)(3) or (4) of this section is
  filled.
         (e)  The mayor shall determine whether all trustees
  appointed under Subsection (b)(1) of this section hold office for
  staggered two-year terms or staggered three-year terms. The
  nominations committee shall determine whether all trustees elected
  under Subsection (b)(2), (3), [or] (4), (5), or (6) of this section
  hold office for staggered two-year terms or staggered three-year
  terms. A trustee appointed or elected, as applicable, under
  Subsection (b)(1) or (2) of this section may not serve for more than
  six consecutive years on the board.
         (f)  The election of the trustees under Subsection (b)(2),
  (3), [or] (4), (5) or (6) of this section[, including an election
  under Subsection (b-3) of this section to fill a trustee position
  under Subsection (b)(3) or (4) of this section,] shall be held under
  the supervision of the board, and the board shall adopt such rules
  governing the election procedure as it considers appropriate, as
  long as the rules are consistent with generally accepted principles
  of secret ballot and majority rule.  The rules adopted by the board
  shall be recorded in the minutes of the board and made available to
  the members of any pension plan within the pension system.
         SECTION 2.  Section 3.011(e), Article 6243a-1, Revised
  Statutes, is amended to read as follows:
         (e)  The nominations committee shall nominate trustees to
  the board in accordance with Section [Sections] 3.01(b)(2) [and
  (b-3)] of this article.
         SECTION 3.  Sections 3.012(a) and (b), Article 6243a-1,
  Revised Statutes, are amended to read as follows:
         (a)  In accordance with procedures adopted by board rule, a
  trustee:
               (1)  appointed under Section 3.01(b)(1) of this article
  may be removed by the mayor for cause; and
               (2)  elected under Section 3.01(b)(2), (3), [or] (4),
  (5), or (6) of this article may be removed by the nominations
  committee for cause.
         (b)  It is a cause for removal of a trustee from the board
  that the trustee:
               (1)  does not have at the time of taking office the
  qualifications required by Section 3.01(b) or (b-1)(1) of this
  article[, subject to Subsection (b-3) of that section];
               (2)  does not maintain during service on the board the
  qualifications required by Section 3.01(b) or (b-1)(1) of this
  article[, subject to Subsection (b-3) of that section];
               (3)  is ineligible for membership under Section
  3.01(b-1)(2) or (b-2) of this article; or
               (4)  is absent from more than one-third [40 percent] of
  the meetings that the trustee is eligible to attend during a
  calendar year [without an excuse approved by a majority vote of the
  board].
         SECTION 4.  Section 3.01(b-3), Article 6243a-1, Revised
  Statutes, is repealed.
         SECTION 5.  The changes in law made by this Act do not affect
  the term of a member of the board of trustees of a pension system
  administered under Article 6243a-1, Revised Statutes, serving on
  the board on the effective date of this Act.
         SECTION 6.  The changes in law made to Sections 3.01, 3.011,
  and 3.012, Article 6243a-1, Revised Statutes, as amended by this
  Act, apply only to an appointment or vacancy on a board of trustees
  that occurs on or after the effective date of this Act.  An
  appointment or vacancy on a board of trustees that occurs before the
  effective date of this Act is governed by the law in effect on the
  date of the meeting, and the former law is continued in effect for
  that purpose.
         SECTION 7.  This Act takes effect September 1, 2025.
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