LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 82ND LEGISLATIVE REGULAR SESSION April 1, 2011 TO: Honorable Robert Duncan, Chair, Senate Committee on State Affairs FROM: John S O'Brien, Director, Legislative Budget Board IN RE:SB1669 by Duncan (Relating to the resumption of service by retirees under the Teacher Retirement System of Texas.), As Introduced No fiscal implication to the State is anticipated. The bill would amend the Government Code regarding return-to-work provisions for members of the Teacher Retirement System (TRS) who retire under Section 824.202 (a) or (a-1) after January 1, 2011. The bill would allow members to return to employment in a public school after separation from service for at least twelve full consecutive months without the TRS withholding their monthly annuity payment. According to the TRS, the bill would not increase the funding period beyond 30 years as required by statute. Local Government Impact No fiscal implication to units of local government is anticipated. Source Agencies:323 Teacher Retirement System LBB Staff: JOB, KJG, JGM, SD, JW
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 82ND LEGISLATIVE REGULAR SESSION
April 1, 2011
TO: Honorable Robert Duncan, Chair, Senate Committee on State Affairs FROM: John S O'Brien, Director, Legislative Budget Board IN RE:SB1669 by Duncan (Relating to the resumption of service by retirees under the Teacher Retirement System of Texas.), As Introduced
TO: Honorable Robert Duncan, Chair, Senate Committee on State Affairs
FROM: John S O'Brien, Director, Legislative Budget Board
IN RE: SB1669 by Duncan (Relating to the resumption of service by retirees under the Teacher Retirement System of Texas.), 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
SB1669 by Duncan (Relating to the resumption of service by retirees under the Teacher Retirement System of Texas.), As Introduced
SB1669 by Duncan (Relating to the resumption of service by retirees under the Teacher Retirement System of Texas.), As Introduced
No fiscal implication to the State is anticipated.
No fiscal implication to the State is anticipated.
No fiscal implication to the State is anticipated.
The bill would amend the Government Code regarding return-to-work provisions for members of the Teacher Retirement System (TRS) who retire under Section 824.202 (a) or (a-1) after January 1, 2011. The bill would allow members to return to employment in a public school after separation from service for at least twelve full consecutive months without the TRS withholding their monthly annuity payment. According to the TRS, the bill would not increase the funding period beyond 30 years as required by statute.
The bill would amend the Government Code regarding return-to-work provisions for members of the Teacher Retirement System (TRS) who retire under Section 824.202 (a) or (a-1) after January 1, 2011.
The bill would allow members to return to employment in a public school after separation from service for at least twelve full consecutive months without the TRS withholding their monthly annuity payment. According to the TRS, the bill would not increase the funding period beyond 30 years as required by statute.
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, KJG, JGM, SD, JW
JOB, KJG, JGM, SD, JW