Bill Text: TX HB3847 | 2021-2022 | 87th Legislature | Introduced

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Bill Title: Relating to a study on the long-term funding structure of the retired school employees group insurance fund.

Sponsorship: Partisan Bill (Democrat 1)

Status: (Introduced - Dead) 2021-03-23 - Referred to Pensions, Investments & Financial Services [HB3847 Detail]

Download: Texas-2021-HB3847-Introduced.html

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87R9612 RDS-D
By: J. Johnson of Harris H.B. No. 3847

A BILL TO BE ENTITLED
AN ACT
relating to a study on the long-term funding structure of the
retired school employees group insurance fund.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. (a) In this section:
(1) "Fund" means the retired school employees group
insurance fund.
(2) "Trustee" means the Teacher Retirement System of
Texas.
(b) The trustee shall conduct a study on the long-term
funding structure of the fund. The study must:
(1) evaluate projected long-term payments into the
fund under Section 1575.302, Insurance Code; and
(2) research potential alternative sources of
payments or contributions to the fund.
(c) Not later than December 1, 2022, the trustee shall
submit to the governor, the lieutenant governor, the speaker of the
house of representatives, and the standing committees of the
legislature with primary jurisdiction over the trustee a written
report that includes the results of the study conducted under
Subsection (b) of this section and the trustee's recommendations
for legislative or other action based on the study.
(d) This section expires September 1, 2023.
SECTION 2. This Act takes effect September 1, 2021.