Texas Statutes
Article VIII.
Section 8.01. Member Contributions

Sec. 8.01. MEMBER CONTRIBUTIONS. (a) Deposits by the members to the police retirement system shall be made at a rate of at least:
(1) 13 percent of the basic hourly earnings of the member, for each pay period beginning before January 1, 2022; and
(2) 15 percent of the basic hourly earnings of the member, for each pay period beginning on or after January 1, 2022, unless a different member contribution rate is required in accordance with Section 8.04(b)(4) of this Act, as adjusted, if applicable, under Section 8.065 of this Act, except that the rate may not exceed 17 percent.
(a-1) Deposits required to be made by members under Subsection (a) of this section shall be deducted from payroll each pay period.
(a-2) On recommendation of the board, the Active--Contributory members may by a majority of those voting increase the rate of member deposits above the minimum rate of deposit established by Subsection (a) of this section to whatever amount the board has recommended. If the deposit rate for members has been increased to a rate above the rate established by Subsection (a) of this section in accordance with this subsection, the rate may be decreased to a rate not lower than the rate prescribed by Subsection (a)(2) of this section if the board recommends the decrease, the board's actuary approves the decrease, and a majority of the Active--Contributory members voting on the matter approve the decrease. If an increase in the member contribution rate is made solely as the result of an adjustment under Section 8.065 of this Act, that increase may not be decreased under this subsection.

Structure Texas Statutes