Texas 2019 - 86th Regular

Texas House Bill HB183

Caption

Relating to establishing a joint interim committee to study the cost-effectiveness and feasibility of implementing a pension revenue enhancement plan for the Teacher Retirement System of Texas.

Impact

The discussions surrounding HB 183 are expected to directly influence the state's approach to managing its retirement systems. By examining the implications of a pension revenue enhancement plan, the committee is tasked with identifying feasible methods of financing this plan, which could include loans or trust funds for managing collected proceeds. The outcomes of this bill may lead to a restructuring of how teacher pensions are funded, potentially stabilizing and enhancing the retirement benefits for educators in Texas.

Summary

House Bill 183 aims to establish a joint interim committee to study the feasibility and cost-effectiveness of implementing a pension revenue enhancement plan for the Teacher Retirement System of Texas. This committee will specifically explore the potential benefits of such a plan, which may include the purchase of life insurance policies for certain members of the retirement system. The goal of this initiative is to create an additional source of funding for the Teacher Retirement System, addressing concerns about the adequacy of its financial resources.

Sentiment

The sentiment around HB 183 is generally supportive among legislators concerned with the sustainability of the Teacher Retirement System. However, there are undercurrents of apprehension regarding the nature and effectiveness of the proposed pension revenue enhancement plan. Advocates express a pragmatic outlook toward improving funding for teacher pensions, while skeptics might call for caution and thorough analysis to ensure that any new initiatives do not create undue financial burdens or complexities within the existing system.

Contention

One point of contention within the legislative discussions could revolve around the effectiveness of the proposed methods for financing the pension enhancement plan. Questions may arise about the appropriateness of relying on life insurance policies and whether such a plan would adequately meet the needs of all members of the Teacher Retirement System. Additionally, the joint interim committee's findings and subsequent recommendations will be pivotal, as they could shape future policies impacting teacher pensions and state financial commitments.

Latest HB183 Activity

Companion Bills

No companion bills found.

Previously Filed As

TX HB4139

Relating to a pilot program to study implementation of a split-benefit life insurance plan for the Teacher Retirement System of Texas.

TX HB3636

Relating to a cost-of-living adjustment applicable to certain benefits paid by the Teacher Retirement System of Texas and a study on the feasibility of providing annual adjustments and an optional cash balance benefit under the system.

TX HB377

Relating to establishing a joint select committee to study the feasibility and sustainability of providing a cost-of-living adjustment applicable to certain benefits paid by the Teacher Retirement System of Texas.

TX SB1245

Relating to contributions to, benefits from, and the administration of the Judicial Retirement System of Texas Plan Two.

TX HB4863

Relating to contributions to, benefits from, and the administration of the Teacher Retirement System of Texas.

TX HB600

Relating to contributions to, benefits from, and the administration of systems and programs administered by the Teacher Retirement System of Texas.

TX SB10

Relating to certain benefits paid by the Teacher Retirement System of Texas.

TX HB3367

Relating to contributions to, benefits from, and the administration of the Judicial Retirement System of Texas Plan Two.

TX SB729

Relating to the cash balance benefit under the Employees Retirement System of Texas.

TX HB4141

Relating to a study conducted by the Teacher Retirement System of Texas on the feasibility of offering alternative service retirement benefits to peace officers who are members of the retirement system.

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