Enrolled Bill Summary

House Bill 1573 repeals and readopts provisions relating to the retirement system for the general municipal employees of Houston. The bill provides benefit improvements for members, retirees, and survivors by increasing the benefit percentage for certain groups; increases the maximum benefit accrual percentage; increases the annual cost-of-living adjustment; allows reinstatement of service covered by a lump-sum payment; and permits reemployed retirees to purchase credited service for certain otherwise ineligible service. The bill also makes certain administrative changes to lengthen periods in which to file benefit claims.