Texas HB4875 amends the composition and procedures of the board of trustees for police and firefighter retirement systems in certain municipalities.
Texas HB4875 revises the board of trustees for police and firefighter retirement systems in certain municipalities. The board will consist of 11 trustees: four appointed by the mayor, three elected by pension system members and pensioners, one current or former police officer, and one current or former firefighter, all elected by pension system members. Trustees must have financial or related expertise and cannot be city elected officials. Trustees serve staggered terms of two or three years and cannot serve more than six consecutive years.
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