LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 81ST LEGISLATIVE REGULAR SESSION April 6, 2009 TO: Honorable Vicki Truitt, Chair, House Committee on Pensions, Investments & Financial Services FROM: John S. O'Brien, Director, Legislative Budget Board IN RE:HB3608 by Truitt (Relating to the deduction of qualified health insurance premiums from annuities payable by the Teacher Retirement System of Texas to certain retired public safety officers. ), Committee Report 1st House, Substituted No significant fiscal implication to the State is anticipated. The bill would provide for the deduction of health insurance premiums for eligible retired public safety officers participating in the University of Texas and Texas A&M University retiree health programs from their Teacher Retirement System (TRS) retirement annuities. TRS may incur additional administrative and technology expenses associated with implementing the provisions of the bill, but estimates that these costs could be absorbed within the current administrative budget. Local Government Impact No fiscal implication to units of local government is anticipated. Source Agencies:323 Teacher Retirement System LBB Staff: JOB, JRO, JGM, JW
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 81ST LEGISLATIVE REGULAR SESSION
April 6, 2009
TO: Honorable Vicki Truitt, Chair, House Committee on Pensions, Investments & Financial Services FROM: John S. O'Brien, Director, Legislative Budget Board IN RE:HB3608 by Truitt (Relating to the deduction of qualified health insurance premiums from annuities payable by the Teacher Retirement System of Texas to certain retired public safety officers. ), Committee Report 1st House, Substituted
TO: Honorable Vicki Truitt, Chair, House Committee on Pensions, Investments & Financial Services
FROM: John S. O'Brien, Director, Legislative Budget Board
IN RE: HB3608 by Truitt (Relating to the deduction of qualified health insurance premiums from annuities payable by the Teacher Retirement System of Texas to certain retired public safety officers. ), Committee Report 1st House, Substituted
Honorable Vicki Truitt, Chair, House Committee on Pensions, Investments & Financial Services
Honorable Vicki Truitt, Chair, House Committee on Pensions, Investments & Financial Services
John S. O'Brien, Director, Legislative Budget Board
John S. O'Brien, Director, Legislative Budget Board
HB3608 by Truitt (Relating to the deduction of qualified health insurance premiums from annuities payable by the Teacher Retirement System of Texas to certain retired public safety officers. ), Committee Report 1st House, Substituted
HB3608 by Truitt (Relating to the deduction of qualified health insurance premiums from annuities payable by the Teacher Retirement System of Texas to certain retired public safety officers. ), Committee Report 1st House, Substituted
No significant fiscal implication to the State is anticipated.
No significant fiscal implication to the State is anticipated.
The bill would provide for the deduction of health insurance premiums for eligible retired public safety officers participating in the University of Texas and Texas A&M University retiree health programs from their Teacher Retirement System (TRS) retirement annuities. TRS may incur additional administrative and technology expenses associated with implementing the provisions of the bill, but estimates that these costs could be absorbed within the current administrative budget.
The bill would provide for the deduction of health insurance premiums for eligible retired public safety officers participating in the University of Texas and Texas A&M University retiree health programs from their Teacher Retirement System (TRS) retirement annuities. TRS may incur additional administrative and technology expenses associated with implementing the provisions of the bill, but estimates that these costs could be absorbed within the current administrative budget.
Local Government Impact
No fiscal implication to units of local government is anticipated.
Source Agencies: 323 Teacher Retirement System
323 Teacher Retirement System
LBB Staff: JOB, JRO, JGM, JW
JOB, JRO, JGM, JW