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Council declines to endorse bill that would ease procedures for police and fire pension cost‑of‑living adjustments
Summary
After hours of debate, El Paso City Council rejected a motion to support House Bill 4591, which would alter the process for initiating cost‑of‑living adjustments for local fire and police pension funds; the motion failed 7‑1 amid concerns about long‑term fiscal risk and shifting authority away from taxpayers.
El Paso City Council on April 15 voted against a resolution asking the state to approve House Bill 4591, a bill that would change how cost‑of‑living adjustments (COLAs) for the city—s police and fire pension funds can be initiated. The motion to support the bill failed 7‑1; Representative Limon cast the lone vote in favor.
What the bill would change: HB 4591 would add a procedural pathway allowing a majority of a pension fund—s trustees plus a majority of contributing members to initiate a COLA so long as actuarial thresholds were met, reducing the current requirement that increased contributions or certain benefit changes be approved by a public vote (or otherwise come…
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