LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 83RD LEGISLATIVE REGULAR SESSION March 17, 2013 TO: Honorable Bill Callegari, Chair, House Committee On Pensions FROM: Ursula Parks, Director, Legislative Budget Board IN RE:HB1265 by Guillen (Relating to providing information to state employees about insurance available to those employees under a group coverage plan.), As Introduced No significant fiscal implication to the State is anticipated. This bill would implement a recommendation in the report "Increase State Employee Awareness of Life and Disability Insurance Benefits" in the Legislative Budget Board's Government Effectiveness and Efficiency Report, submitted to the Eighty-third Texas Legislature, 2013. The bill would amend the Insurance Code, Chapter 1551, to require that state employees be provided information on life and disability insurance options, including statistics on death and disability probabilities and information on policy exclusions and limitations. The Employees Retirement System (ERS) anticipates any additional work resulting from the passage of the bill could be reasonably absorbed within current resources. The bill would take effect immediately upon receiving two-thirds majority vote in each house. Otherwise, the bill would take effect September 1, 2013. Local Government Impact No fiscal implication to units of local government is anticipated. Source Agencies:327 Employees Retirement System LBB Staff: UP, RB, JI, JJO, EMo
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 83RD LEGISLATIVE REGULAR SESSION
March 17, 2013
TO: Honorable Bill Callegari, Chair, House Committee On Pensions FROM: Ursula Parks, Director, Legislative Budget Board IN RE:HB1265 by Guillen (Relating to providing information to state employees about insurance available to those employees under a group coverage plan.), As Introduced
TO: Honorable Bill Callegari, Chair, House Committee On Pensions
FROM: Ursula Parks, Director, Legislative Budget Board
IN RE: HB1265 by Guillen (Relating to providing information to state employees about insurance available to those employees under a group coverage plan.), As Introduced
Honorable Bill Callegari, Chair, House Committee On Pensions
Honorable Bill Callegari, Chair, House Committee On Pensions
Ursula Parks, Director, Legislative Budget Board
Ursula Parks, Director, Legislative Budget Board
HB1265 by Guillen (Relating to providing information to state employees about insurance available to those employees under a group coverage plan.), As Introduced
HB1265 by Guillen (Relating to providing information to state employees about insurance available to those employees under a group coverage plan.), As Introduced
No significant fiscal implication to the State is anticipated.
No significant fiscal implication to the State is anticipated.
This bill would implement a recommendation in the report "Increase State Employee Awareness of Life and Disability Insurance Benefits" in the Legislative Budget Board's Government Effectiveness and Efficiency Report, submitted to the Eighty-third Texas Legislature, 2013. The bill would amend the Insurance Code, Chapter 1551, to require that state employees be provided information on life and disability insurance options, including statistics on death and disability probabilities and information on policy exclusions and limitations. The Employees Retirement System (ERS) anticipates any additional work resulting from the passage of the bill could be reasonably absorbed within current resources. The bill would take effect immediately upon receiving two-thirds majority vote in each house. Otherwise, the bill would take effect September 1, 2013.
This bill would implement a recommendation in the report "Increase State Employee Awareness of Life and Disability Insurance Benefits" in the Legislative Budget Board's Government Effectiveness and Efficiency Report, submitted to the Eighty-third Texas Legislature, 2013.
The bill would amend the Insurance Code, Chapter 1551, to require that state employees be provided information on life and disability insurance options, including statistics on death and disability probabilities and information on policy exclusions and limitations. The Employees Retirement System (ERS) anticipates any additional work resulting from the passage of the bill could be reasonably absorbed within current resources.
The bill would take effect immediately upon receiving two-thirds majority vote in each house. Otherwise, the bill would take effect September 1, 2013.
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: UP, RB, JI, JJO, EMo
UP, RB, JI, JJO, EMo