Relating to the board of trustees of the retirement systems for police and firefighters in certain municipalities.

HB 4875 amends Texas law governing retirement boards for police and firefighters in certain municipalities. It reduces the number of trustees appointed by the mayor from six to four, requires all appointed and elected trustees to have financial or business expertise, and eliminates residency requirements for board members. The bill also clarifies term structures (staggered two- or three-year terms), sets a six-year limit for appointed trustees, and specifies how vacancies should be filled. These changes directly affect the composition and governance of local retirement systems serving municipal police and firefighter employees.