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Relating to participation in, contributions to, and the benefits and administration of retirement systems for police officers in certain municipalities.
No significant fiscal implication to the State is anticipated.
HB 4368 would make a wide variety of changes to existing law regarding the Austin Police Retirement System, including increased contribution rates starting in 2022, new rules on the makeup of the police retirement board, and modifying unfunded liability payment rates.
Texas Action is neutral on HB 4368.
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