LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 82ND LEGISLATIVE REGULAR SESSION April 20, 2011 TO: Honorable Robert Duncan, Chair, Senate Committee on State Affairs FROM: John S O'Brien, Director, Legislative Budget Board IN RE:SB1286 by Watson (Relating to the administration and funding of retirement systems for firefighters in certain municipalities.), As Introduced No fiscal implication to the State is anticipated. The bill would amend the Vernons Texas Civil Statutes to increase the funding of the retirement system for firefighters in the Austin. Every year through 2012, the City of Austin would be required to contribute an increasingly greater percent of compensation of all members into the firefighters relief and retirement fund. Every year through 2016, an individual firefighter in the City of Austin would be required to contribute an increasingly greater percent of compensation into the firefighters relief and retirement fund. Local Government Impact The City of Austin reported there would be a significant fiscal impact associated with implementing the provisions of the bill. Source Agencies: LBB Staff: JOB, KJG, TP
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 82ND LEGISLATIVE REGULAR SESSION
April 20, 2011
TO: Honorable Robert Duncan, Chair, Senate Committee on State Affairs FROM: John S O'Brien, Director, Legislative Budget Board IN RE:SB1286 by Watson (Relating to the administration and funding of retirement systems for firefighters in certain municipalities.), As Introduced
TO: Honorable Robert Duncan, Chair, Senate Committee on State Affairs
FROM: John S O'Brien, Director, Legislative Budget Board
IN RE: SB1286 by Watson (Relating to the administration and funding of retirement systems for firefighters in certain municipalities.), As Introduced
Honorable Robert Duncan, Chair, Senate Committee on State Affairs
Honorable Robert Duncan, Chair, Senate Committee on State Affairs
John S O'Brien, Director, Legislative Budget Board
John S O'Brien, Director, Legislative Budget Board
SB1286 by Watson (Relating to the administration and funding of retirement systems for firefighters in certain municipalities.), As Introduced
SB1286 by Watson (Relating to the administration and funding of retirement systems for firefighters in certain municipalities.), As Introduced
No fiscal implication to the State is anticipated.
No fiscal implication to the State is anticipated.
The bill would amend the Vernons Texas Civil Statutes to increase the funding of the retirement system for firefighters in the Austin. Every year through 2012, the City of Austin would be required to contribute an increasingly greater percent of compensation of all members into the firefighters relief and retirement fund. Every year through 2016, an individual firefighter in the City of Austin would be required to contribute an increasingly greater percent of compensation into the firefighters relief and retirement fund.
The bill would amend the Vernons Texas Civil Statutes to increase the funding of the retirement system for firefighters in the Austin. Every year through 2012, the City of Austin would be required to contribute an increasingly greater percent of compensation of all members into the firefighters relief and retirement fund.
Every year through 2016, an individual firefighter in the City of Austin would be required to contribute an increasingly greater percent of compensation into the firefighters relief and retirement fund.
Local Government Impact
The City of Austin reported there would be a significant fiscal impact associated with implementing the provisions of the bill.
The City of Austin reported there would be a significant fiscal impact associated with implementing the provisions of the bill.
Source Agencies:
LBB Staff: JOB, KJG, TP
JOB, KJG, TP