Supplement: TX HB3056 | 2023-2024 | 88th Legislature | Fiscal Note (Introduced)
For additional supplements on Texas HB3056 please see the Bill Drafting List
Bill Title: Relating to the cash balance benefit under the Employees Retirement System of Texas.
Status: 2023-05-01 - Laid on the table subject to call [HB3056 Detail]
Download: Texas-2023-HB3056-Fiscal_Note_Introduced_.html
Bill Title: Relating to the cash balance benefit under the Employees Retirement System of Texas.
Status: 2023-05-01 - Laid on the table subject to call [HB3056 Detail]
Download: Texas-2023-HB3056-Fiscal_Note_Introduced_.html
TO: |
Honorable Giovanni Capriglione, Chair, House Committee on Pensions, Investments & Financial Services |
FROM: |
Jerry McGinty, Director, Legislative Budget Board
|
IN RE: |
HB3056 by Bonnen (Relating to the cash balance benefit under the Employees Retirement System of Texas.), As Introduced |
No significant fiscal implication to the State is anticipated.
The bill would make changes associated with the cash balance benefit for individuals hired into state service on or after September 1, 2022. It is assumed that any related costs would be insignificant.
Local Government Impact
No fiscal implication to units of local government is anticipated.
Source Agencies: b > td > | 327 Employees Retirement System |
LBB Staff: b > td > | JMc, MOc, JPO, KK, LCO |