Relating to the administration of, contributions to, and benefits under the public retirement systems for police and firefighters in certain municipalities.

Added new definition for 'Actuarially determined contribution rate' specifying it must be expressed as a percentage of members' projected aggregate computation pay and determined in accordance with Section 4.02.

Added Section 2.026 requiring pension systems to comply with Chapter 802 of the Government Code and declaring any plans adopted under former Section 2.025 as unenforceable.

Added Section 3.014 requiring board and city council approval for actions that increase pension system liabilities, including lawsuit settlements, benefit increases, and actuarial assumption changes.

Added reconciliation procedures in Section 4.02(e-1) requiring 30-day reconciliation periods when actuarial contribution rate recommendations differ by more than three percent.

Added detailed fixed dollar schedule for unfunded actuarial accrued liability and administrative expenses from fiscal years 2025 through 2054, with amounts ranging from approximately $161 million to $438 million.

Modified Section 4.02 to include new contribution rate calculation methods with minimum and maximum percentage thresholds ranging from 0.96% to 11.39% depending on the plan year.

Added new biweekly pay period contribution amounts ranging from $5,173,000 to $6,043,000 for periods through December 31, 2024, with $0 thereafter.

Added expiration date of October 1, 2029 for certain contribution amount limitations in Sections (h) and (h-1).