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Council approves 50% non‑retroactive COLA for TMRS plan; 20‑year vesting change to be considered separately
5776177 · September 9, 2025
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Summary
Bee Cave adopted Ordinance No. 581 to add a 50% non‑retroactive cost‑of‑living adjustment for Texas Municipal Retirement System beneficiaries and reauthorized certain service‑credit provisions; council members requested a separate ordinance to reduce vesting from 25 to 20 years.
The Bee Cave City Council on Sept. 9 approved Ordinance No. 581 to revise aspects of the city's Texas Municipal Retirement System (TMRS) benefits package.
Staff member Oakley presented the ordinance, saying it would implement a 50%, non‑retroactive cost‑of‑living adjustment (COLA) calculated as…
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