Texas HB5015 regulates participation in the proportionate retirement program for certain municipal retirement systems.
Texas HB5015 specifies that the proportionate retirement program applies to retirement systems for general municipal employees in municipalities with populations between 950,000 and 1,050,000. It also applies to the Employees Retirement System of Texas, the Teacher Retirement System of Texas, the Judicial Retirement System of Texas Plan One, the Judicial Retirement System of Texas Plan Two, the Texas County and District Retirement System, and the Texas Municipal Retirement System. Additionally, it includes any retirement system that elects to participate under Section 803.101(f).
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- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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