Supplement: TX SB1204 | 2021-2022 | 87th Legislature | Fiscal Note (Senate Committee Report)
For additional supplements on Texas SB1204 please see the Bill Drafting List
Bill Title: Relating to requiring the inclusion of certain proposals in reports on the actuarial experience of the Employees Retirement System of Texas and the Teacher Retirement System of Texas.
Status: 2021-05-19 - Left pending in committee [SB1204 Detail]
Download: Texas-2021-SB1204-Fiscal_Note_Senate_Committee_Report_.html
Bill Title: Relating to requiring the inclusion of certain proposals in reports on the actuarial experience of the Employees Retirement System of Texas and the Teacher Retirement System of Texas.
Status: 2021-05-19 - Left pending in committee [SB1204 Detail]
Download: Texas-2021-SB1204-Fiscal_Note_Senate_Committee_Report_.html
| TO: |
Honorable Jane Nelson, Chair, Senate Committee on Finance |
| FROM: |
Jerry McGinty, Director, Legislative Budget Board
|
| IN RE: |
SB1204 by Schwertner (relating to requiring the inclusion of certain proposals in reports on the actuarial experience of the Employees Retirement System of Texas and the Teacher Retirement System of Texas.), Committee Report 1st House, Substituted |
No significant fiscal implication to the State is anticipated.
The bill would amend the Government Code to require the Employees Retirement System (ERS) and Teacher Retirement System of Texas (TRS) to include certain recommendations in conjunction with actuarial experience studies conducted by the agencies. According to ERS and TRS, no significant fiscal impact is anticipated from implementing the provisions of the bill.
Local Government Impact
No significant fiscal implication to units of local government is anticipated.
| Source Agencies: | 323 Teacher Retirement System, 327 Employees Retirement System |
| LBB Staff: | JMc, KK, LCO, JPO |
