Senate passage of SB 2190
The Houston Chronicle reported yesterday’s passage of amended SB 2190 (Houston bill) by the Texas Senate. The bill now moves to the Texas House of Representatives where we will monitor its movement. SB 2190 contains a trigger for potential implementation of a separate cash balance retirement plan for new employees hired in or after 2027.
Now attention turns to the companion bill, HB 43 by Rep. Flynn. HMEPS is currently working with House members on that bill and we will keep you updated.