Relating to retirement benefits for certain law enforcement officers who are members of the Teacher Retirement System of Texas, including the creation of a supplemental program retirement fund.

HB 4029 creates a supplemental retirement program for law enforcement officers already enrolled in Texas' Teacher Retirement System (TRS). It establishes "supplemental program service credit" for officers who hold a Texas law enforcement license and whose primary duty involves enforcing criminal laws. Members with at least 25 years of this qualifying service can retire regardless of age, receiving an annuity calculated using their highest five years of pay multiplied by a standard retirement factor plus an additional 0.5%. This bill directly affects current and future law enforcement officers in TRS who meet the specific service criteria.