Texas SB1544 amends the Texas Municipal Retirement System to standardize employee contribution rates across departments within participating.

Texas SB1544 amends the Texas Municipal Retirement System by requiring municipalities to set a uniform employee contribution rate for all participating departments. The contribution rate must be between five and eight percent of employees' compensation. Municipalities that previously allowed different rates in different departments can maintain their existing rates until they decide to equalize them. This change takes effect on September 1, 2025.

Texas SB1544 amends the Texas Municipal Retirement System to standardize employee contribution rates across departments within participating.

Texas SB1544 amends the Texas Municipal Retirement System by requiring municipalities to set a uniform employee contribution rate for all participating departments. The contribution rate must be between five and eight percent of employees' compensation. Municipalities that previously allowed different rates in different departments can maintain their existing rates until they decide to equalize them. This change takes effect on September 1, 2025.