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 | |
|
|
||
|
|
||
| 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 [ |
||
| 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) [ |
||
| trustee who is a current [ |
||
| nominated and elected by members of the pension system under rules | ||
| adopted by the board; [ |
||
| (4) [ |
||
| trustee who is a current [ |
||
| 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 [ |
||
| nominating [ |
||
| (d) A vacancy on the board in a trustee position under | ||
| Subsection (b)(1), [ |
||
| 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), [ |
||
| 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), [ |
||
| 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 [ |
||
| 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), [ |
||
| (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[ |
||
| (2) does not maintain during service on the board the | ||
| qualifications required by Section 3.01(b) or (b-1)(1) of this | ||
| article[ |
||
| (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 [ |
||
| the meetings that the trustee is eligible to attend during a | ||
| calendar year [ |
||
| 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. | ||
