Title
Consideration of and action on a contract amendment between the City of Deer Park and the Texas Emergency Services Retirement System (TESRS) to increase the City’s monthly contribution for members of the Deer Park Volunteer Fire Department.
Body
Summary:
The City of Deer Park participates in the Texas Emergency Services Retirement System for volunteer firefighters and EMS personnel. The retirement system is a defined benefit system in which the pension benefit is calculated based on a monthly contribution during the member’s active service to the community. The current monthly contribution is $144 per month per member. The contract amendment will increase the monthly contribution to $156 per month per member.
The current monthly contribution amount of $144 was approved by City Council in October 2021.
Fiscal/Budgetary Impact:
The increased cost of monthly contribution from $144 to $156 per month per member is available within the current budget.
Recommended action
Approve the contract amendment to increase the City’s contribution to members of the volunteer fire department retirement/pension system from $144 to $156 per month per member.