Texas SB2234 amends the firefighters' relief and retirement fund for municipalities with at least 2,000,000 population.

Texas SB2234 amends the firefighters' relief and retirement fund for municipalities with at least 2,000,000 population. It modifies the deferred retirement option plan (DROP) eligibility, participation, and benefit provisions. Key changes include limiting DROP participation to 20 years, adjusting the retirement age, and altering the conditions for pension benefits. The bill also updates the definition of "normal retirement age" and modifies the service credit calculation. It takes effect January 1, 2026.

Texas SB2234 amends the firefighters' relief and retirement fund for municipalities with at least 2,000,000 population.

Texas SB2234 amends the firefighters' relief and retirement fund for municipalities with at least 2,000,000 population. It modifies the deferred retirement option plan (DROP) eligibility, participation, and benefit provisions. Key changes include limiting DROP participation to 20 years, adjusting the retirement age, and altering the conditions for pension benefits. The bill also updates the definition of "normal retirement age" and modifies the service credit calculation. It takes effect January 1, 2026.