LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 82ND LEGISLATIVE REGULAR SESSION March 20, 2011 TO: Honorable Vicki Truitt, Chair, House Committee on Pensions, Investments & Financial Services FROM: John S O'Brien, Director, Legislative Budget Board IN RE:HB1606 by Guillen (Relating to the designation of a qualified transportation benefit as a supplemental optional benefits program for state employees by the Employees Retirement System of Texas.), As Introduced No significant fiscal implication to the State is anticipated. The bill would implement a recommendation in the report, "Provide Commuter Choice Incentives for State Employees" in the Legislative Budget Board's Government Effectiveness and Efficiency Report submitted to the Eighty-second Texas Legislature, 2011. The bill would require the state's supplemental optional benefits program to include a qualified transportation benefit. The Employees Retirement System reports any administrative costs resulting from the bill could be absorbed within existing resources. The state may realize savings from reduced payroll taxes paid as a result of the program; however, any savings would not be significant. Local Government Impact No fiscal implication to units of local government is anticipated. Source Agencies:327 Employees Retirement System LBB Staff: JOB, AG, JI, MM
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 82ND LEGISLATIVE REGULAR SESSION
March 20, 2011
TO: Honorable Vicki Truitt, Chair, House Committee on Pensions, Investments & Financial Services FROM: John S O'Brien, Director, Legislative Budget Board IN RE:HB1606 by Guillen (Relating to the designation of a qualified transportation benefit as a supplemental optional benefits program for state employees by the Employees Retirement System of Texas.), As Introduced
TO: Honorable Vicki Truitt, Chair, House Committee on Pensions, Investments & Financial Services
FROM: John S O'Brien, Director, Legislative Budget Board
IN RE: HB1606 by Guillen (Relating to the designation of a qualified transportation benefit as a supplemental optional benefits program for state employees by the Employees Retirement System of Texas.), As Introduced
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
HB1606 by Guillen (Relating to the designation of a qualified transportation benefit as a supplemental optional benefits program for state employees by the Employees Retirement System of Texas.), As Introduced
HB1606 by Guillen (Relating to the designation of a qualified transportation benefit as a supplemental optional benefits program for state employees by the Employees Retirement System of Texas.), As Introduced
No significant fiscal implication to the State is anticipated.
No significant fiscal implication to the State is anticipated.
The bill would implement a recommendation in the report, "Provide Commuter Choice Incentives for State Employees" in the Legislative Budget Board's Government Effectiveness and Efficiency Report submitted to the Eighty-second Texas Legislature, 2011. The bill would require the state's supplemental optional benefits program to include a qualified transportation benefit. The Employees Retirement System reports any administrative costs resulting from the bill could be absorbed within existing resources. The state may realize savings from reduced payroll taxes paid as a result of the program; however, any savings would not be significant.
The bill would implement a recommendation in the report, "Provide Commuter Choice Incentives for State Employees" in the Legislative Budget Board's Government Effectiveness and Efficiency Report submitted to the Eighty-second Texas Legislature, 2011.
The bill would require the state's supplemental optional benefits program to include a qualified transportation benefit.
The Employees Retirement System reports any administrative costs resulting from the bill could be absorbed within existing resources. The state may realize savings from reduced payroll taxes paid as a result of the program; however, any savings would not be significant.
Local Government Impact
No fiscal implication to units of local government is anticipated.
Source Agencies: 327 Employees Retirement System
327 Employees Retirement System
LBB Staff: JOB, AG, JI, MM
JOB, AG, JI, MM