LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 82ND LEGISLATIVE REGULAR SESSION May 2, 2011 TO: Honorable Vicki Truitt, Chair, House Committee on Pensions, Investments & Financial Services FROM: John S O'Brien, Director, Legislative Budget Board IN RE:HB1608 by Strama (Relating to participation in and contributions to the state employee charitable campaign by retired state employees), Committee Report 1st House, Substituted No significant fiscal implication to the State is anticipated. The bill would amend Government Code to allow retired state employees receiving retirement benefits from the Employees Retirement System (ERS) to participate on the state employee charitable campaign policy committee. The bill would also allow a person receiving an annuity from ERS to authorize ERS to deduct a contribution to the state employee charitable campaign from the person's monthly annuity payment. The bill would authorize the ERS Board of Trustees to adopt rules to implement these deductions. The bill would authorize the state employee charitable campaign policy committee to approve a budget that includes funding for as many of the expenses incurred by the implementation and administration of the annuitants' participation in the state employee charitable campaign as practicable, and for those expenses not covered in the budget, the ERS Board of Trustees would be authorized to charge an administrative fee to cover those costs. The bill would take effect on September 1, 2011, or immediately with two-thirds vote of all members of the Legislature. Local Government Impact No fiscal implication to units of local government is anticipated. Source Agencies:327 Employees Retirement System, 304 Comptroller of Public Accounts LBB Staff: JOB, AG, MS, DEH
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 82ND LEGISLATIVE REGULAR SESSION
May 2, 2011
TO: Honorable Vicki Truitt, Chair, House Committee on Pensions, Investments & Financial Services FROM: John S O'Brien, Director, Legislative Budget Board IN RE:HB1608 by Strama (Relating to participation in and contributions to the state employee charitable campaign by retired state employees), 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: HB1608 by Strama (Relating to participation in and contributions to the state employee charitable campaign by retired state employees), 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
HB1608 by Strama (Relating to participation in and contributions to the state employee charitable campaign by retired state employees), Committee Report 1st House, Substituted
HB1608 by Strama (Relating to participation in and contributions to the state employee charitable campaign by retired state employees), 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 amend Government Code to allow retired state employees receiving retirement benefits from the Employees Retirement System (ERS) to participate on the state employee charitable campaign policy committee. The bill would also allow a person receiving an annuity from ERS to authorize ERS to deduct a contribution to the state employee charitable campaign from the person's monthly annuity payment. The bill would authorize the ERS Board of Trustees to adopt rules to implement these deductions. The bill would authorize the state employee charitable campaign policy committee to approve a budget that includes funding for as many of the expenses incurred by the implementation and administration of the annuitants' participation in the state employee charitable campaign as practicable, and for those expenses not covered in the budget, the ERS Board of Trustees would be authorized to charge an administrative fee to cover those costs. The bill would take effect on September 1, 2011, or immediately with two-thirds vote of all members of the Legislature.
The bill would amend Government Code to allow retired state employees receiving retirement benefits from the Employees Retirement System (ERS) to participate on the state employee charitable campaign policy committee. The bill would also allow a person receiving an annuity from ERS to authorize ERS to deduct a contribution to the state employee charitable campaign from the person's monthly annuity payment. The bill would authorize the ERS Board of Trustees to adopt rules to implement these deductions.
The bill would authorize the state employee charitable campaign policy committee to approve a budget that includes funding for as many of the expenses incurred by the implementation and administration of the annuitants' participation in the state employee charitable campaign as practicable, and for those expenses not covered in the budget, the ERS Board of Trustees would be authorized to charge an administrative fee to cover those costs.
The bill would take effect on September 1, 2011, or immediately with two-thirds vote of all members of the Legislature.
Local Government Impact
No fiscal implication to units of local government is anticipated.
Source Agencies: 327 Employees Retirement System, 304 Comptroller of Public Accounts
327 Employees Retirement System, 304 Comptroller of Public Accounts
LBB Staff: JOB, AG, MS, DEH
JOB, AG, MS, DEH