Relating to participation in a deferred retirement option plan by members of the retirement systems for police and fire fighters in certain municipalities.

SB 1529 amends Texas law governing deferred retirement option plans (DROP) for police and fire fighters in certain municipalities. It stops crediting retirement pensions to a member's DROP account after they reach 20 years in the plan (effective January 1, 2018), meaning those members no longer accumulate additional pension credits while still working. The bill also specifies that members whose pension crediting stopped on or after January 1, 2018, will not receive retroactive credits for the period from when their crediting stopped until August 31, 2025. This change applies to all members participating in DROP, regardless of when they began participation, and takes effect September 1, 2025.