Texas HB4945 mandates a study on offering alternative retirement benefits to Texas A&M Forest Service wildland firefighters.
Texas HB4945 requires the Teacher Retirement System of Texas to study the feasibility of offering alternative service retirement benefits to Texas A&M Forest Service wildland firefighters. The study will assess the costs and impact on the retirement system, including the effectiveness of additional percentage factors or accrual rates, the additional salary contributions needed, and the cost of extending benefits to reduced retirement ages. The retirement system must submit a report by December 31, 2026. The study will also determine qualifying positions and salaries of eligible employees.
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