Texas HB4534 amends death benefits for retired public safety officers, increasing the lump sum payment to $1,000,000 for certain circumstances.

Texas HB4534 amends the death benefits for retired public safety officers under certain police officer retirement systems. It increases the lump sum payment to $1,000,000 if the officer dies from a personal injury sustained in the line of duty. If no surviving spouse or children are present, the benefit goes to the estate. The bill also establishes a retiree death benefit fund to manage these payments, ensuring they are not an obligation of other retirement system funds. The fund is to be repaid to the general retirement fund when feasible.

Texas HB4534 amends death benefits for retired public safety officers, increasing the lump sum payment to $1,000,000 for certain circumstances.

Texas HB4534 amends the death benefits for retired public safety officers under certain police officer retirement systems. It increases the lump sum payment to $1,000,000 if the officer dies from a personal injury sustained in the line of duty. If no surviving spouse or children are present, the benefit goes to the estate. The bill also establishes a retiree death benefit fund to manage these payments, ensuring they are not an obligation of other retirement system funds. The fund is to be repaid to the general retirement fund when feasible.