Texas 89th Legislature, Regular Session Status: Introduced

HB 4736 — Relating to the Texas Emergency Services Retirement System.

Last action — Laid on the table subject to call

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  1. 1
    Introduced
  2. 2
    In Committee
  3. 3
    Passed House
  4. 4
    Passed Senate
  5. 5
    To Executive
  6. 6
    Enacted

This bill died with 89th Legislature, Regular Session. It reached “Introduced” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.

This bill is no longer active — its legislative session has ended, so there is no live prognosis. It would have to be reintroduced in the current session to move again.

Summary

Relating to the Texas Emergency Services Retirement System.

Bill Text

We don't have the full text on file for this bill yet.

Read HB 4736 on the official Texas source →

How this bill changes current law

7 changes Share ↗

Compared against the Texas statutes as published AI-generated reading aid — verify against the official bill.

This bill amends 7 section(s) of the Texas statutes: Section 614.104(d), Government Code, Section 861.001, Government Code, Section 864.002(a), Government Code, Section 864.0135, Government Code, Section 865.011(f), Government Code, Section 865.014, Government Code.

  • Section 614.104(d), Government Code

    subject to Section 865.015

    amended

  • Section 861.001, Government Code

    sound pension system" a system in actuarial 30 years → sound" circumstances under to the pension system of actuarial of the pension system the later of the following: (A) 15 years after the date of the actuarial valuation on which the determination of whether the retirement system is actuarially sound is made; or (B) September 1, 2055 (2) "Amortization period" means: (A) if amortizing a liability loss layer, the period necessary to fully pay the liability loss layer; (B) if amortizing a liability gain layer, the period described by Section 865.015(b)(4); or (C) if referring to the amortization period of all liability layers of the pension system, the number of years incorporated in a weighted average amortization factor for the sum of all liability layers as determined in each biennial actuarial valuation of assets and liabilities of the system. "Legacy liability" means the total unfunded actuarial accrued liability of the pension system: (A) determined as of August 31, 2024, using an assumed rate of investment return of seven percent; and (B) for each calendar year following 2024, that total adjusted as follows: (i) reduced by the contribution amount made under Section 865.015 for the calendar year allocated to the amortization of the legacy liability; and (ii) adjusted by the assumed rate of investment return of seven percent. (7-a) "Liability gain layer" means a liability layer that decreases the unfunded actuarial accrued liability of the pension system. (7-b) "Liability layer" means: (A) the legacy liability; or (B) for each fiscal year after August 31, 2024, the amount by which the pension system's unfunded actuarial accrued liability increases or decreases in a fiscal year, as applicable, due to the unanticipated change in revenue caused by factors, other than changes to a benefit formula, as determined in the actuarial valuation analyzing that fiscal year. (7-c) "Liability loss layer" means a liability layer that increases the unfunded actuarial accrued liability. For the purposes of this subtitle, the legacy liability is a liability loss layer. (7-d) "Unfunded actuarial accrued liability" means, as determined in an actuarial valuation, the difference between the actuarial accrued liability and the actuarial value of assets, where the liability is determined using an expected rate of investment return not greater than: (A) seven percent; or (B) if greater than seven percent, the average of the rates used by the Employees Retirement System of Texas and the Teacher Retirement System of Texas in the most recently published actuarial valuations preceding the actuarial valuation in which the unfunded actuarial accrued liability is being determined. (12-a)

    amended

  • Section 864.002(a), Government Code

    actuarial , assuming maximum state contributions are provided under Section 865.015, → actuarial

    amended

  • Section 864.0135, Government Code

    (a-1) The rules adopted under Subsection (a) may: (1) include procedures for the governing body of a participating department to request the approval of the state board to make a supplemental payment or increase an annuity under the rules; and (2) prohibit the governing body of a participating department from making a supplemental payment or increasing an annuity under the rules without approval from the state board. (c) State contributions may not be used to fund any option elected under a rule adopted under this section to make a supplemental payment or increase an annuity.

    amended

  • Section 865.011(f), Government Code

    to a period that exceeds 30 years, assuming a maximum state contribution under Section 865.015 → such that that the pension system would not be actuarially sound

    amended

  • Section 865.014, Government Code

    (f) The governing body of a political subdivision associated with the participating department who elects to provide a supplemental payment or annuity increase under Section 864.0135 shall contribute the money necessary to cover the costs of all increased benefits provided, as required by Section 864.0135(b). The state board may adopt rules for the regular payment of money required by this subsection.

    amended

  • Section 865.015, Government Code

    the state's contribution may not exceed one-third of the total of all contributions by governing bodies in a particular year → (a) for each fiscal year in which the legacy liability has not been fully paid, the state shall make an actuarially determined payment in the amount necessary to amortize the pension system's legacy liability by not later than the fiscal year ending August 31, 2055 (b) The pension system's actuary shall biennially determine an actuarially determined contribution amount required under Subsection (a) that is consistent with actuarial standards of practice and the following principles: (1) closed layered amortization of liability layers to ensure that the amortization period for each liability layer begins 12 months after the date the liability layer is first recognized; (2) each liability layer is assigned an amortization period; (3) each liability loss layer is amortized over a period of 15 years or until September 1, 2055, whichever is later; and (4) each liability gain layer is amortized over: (A) if there is a liability loss layer, a period equal to the remaining amortization period of the largest remaining liability loss layer, and the two layers must be treated as one layer such that if the payoff year of the liability loss layer is accelerated or extended, the payoff year of the liability gain layer is also accelerated or extended; or (B) if there is no liability loss layer, a period of 15 years beginning the first day of the fiscal year beginning 12 months after the liability gain layer is first recognized or until September 1, 2055, whichever is later. (c) Before each regular legislative session, the pension system shall provide the Legislative Budget Board with the amount necessary to make the actuarially determined payment required under this section. The director of the Legislative Budget Board, under the direction of the Legislative Budget Board, shall include that payment in the general appropriations bill prepared for introduction at each regular legislative session under Section 322.008. This subsection expires September 1, 2057.

    amended

Action History

  1. Laid on the table subject to call

  2. Companion considered in lieu of

  3. Placed on General State Calendar

  4. Considered in Calendars

  5. Committee report sent to Calendars

  6. Transferred to Calendars Committee

  7. Considered in Local & Consent Calendars

  8. Comm. report sent to Local & Consent Calendar

  9. Committee report distributed

  10. Comte report filed with Committee Coordinator

  11. Reported favorably w/o amendment(s)

  12. Recommended to be sent to Local & Consent

  13. Considered in formal meeting

  14. Left pending in committee

  15. Testimony taken/registration(s) recorded in committee

  16. Considered in public hearing

  17. Scheduled for public hearing on . . .

  18. Referred to Pensions, Investments & Financial Services

  19. Read first time

  20. Filed

Sponsors

Sponsorship breakdown

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1 sponsors · 1 co-sponsors · 182 not signed on

Sponsors (1)

Co-sponsors (1)

Not signed on (182)

182 members have not signed on to this bill.

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"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Subjects

public-safety veterans labor
Cross-referencing the record. Reading this bill against every other bill in the corpus by meaning, not keywords. Only the first open is slow. It’s instant for you after this. Matching · Ranking · Engrossing

Frequently asked questions

What does HB 4736 do?
Relating to the Texas Emergency Services Retirement System.
Who sponsors HB 4736?
HB 4736 is sponsored by Greg Bonnen and Ben Bumgarner.
What is the current status of HB 4736?
This bill died with 89th Legislature, Regular Session. It reached “Introduced” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.
Where can I track HB 4736?
Track HB 4736 free on One Click Politics — get push/email alerts when it moves.

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Last checked for changes 3 months ago · updated continuously

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