88R7621 KFF-D     By: West S.B. No. 2590       A BILL TO BE ENTITLED   AN ACT   relating to participation in a deferred retirement option plan by   members of the retirement systems for police and fire fighters in   certain municipalities.          BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:          SECTION 1.  Section 6.14(c), Article 6243a-1, Revised   Statutes, is amended to read as follows:          (c)  Each month after a member has made an election to   participate in the DROP and indicated a desire to receive a   retirement pension under Sections 6.01(b) and (c), Section 6.01(e),   or Section 6.02(b), (c), (d), or (e) of this article, whichever is   applicable, and through the month before the month in which the   member leaves active service, an amount equal to the retirement   pension the member would have received under the applicable   subsection for that month if the member had left active service and   been granted a retirement pension by the board on the effective date   of DROP participation shall be credited to a separate DROP account   maintained within the fund for the benefit of the member.  Amounts   held in the DROP account of a member shall be credited at the end of   each calendar month.  Notwithstanding this section, effective   January 1, 2018, a member on active service who has 20 [10] years or   more of participation in DROP shall no longer have the amount of the   member's retirement pension credited to the member's DROP account   while the member is on active service.          SECTION 2.  Section 6.14(c), Article 6243a-1, Revised   Statutes, as amended by this Act, applies to a member who   participates in the deferred retirement option plan established   under that section regardless of whether the member began   participation in the plan before, on, or after the effective date of   this Act.          SECTION 3.  This Act takes effect September 1, 2023.