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House Bill 4141 |
House Author: Guillen et al. |
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Effective: 6-10-23 |
Senate Sponsor: Hughes et al. |
House Bill 4141 amends the Government Code to require the Teacher Retirement System of Texas (TRS) to conduct a study on the feasibility of offering members who are peace officers alternative TRS service retirement benefits that assess the costs to and impact on TRS associated with offering such members certain alternative service retirement benefits or cash balance benefit. The bill requires TRS to prepare and submit a report to the legislature containing the findings of the study and the information submitted by employers responsible for public education who employ police officers not later than December 31, 2024, with assistance from the Legislative Budget Board and the State Pension Review Board, as necessary. The bill's provisions expire September 1, 2025.