LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 83RD LEGISLATIVE REGULAR SESSION May 8, 2013 TO: Honorable Robert Duncan, Chair, Senate Committee on State Affairs 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 Engrossed 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, AG, RB, JI, JJO, EMo
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 83RD LEGISLATIVE REGULAR SESSION
May 8, 2013
TO: Honorable Robert Duncan, Chair, Senate Committee on State Affairs 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 Engrossed
TO: Honorable Robert Duncan, Chair, Senate Committee on State Affairs
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 Engrossed
Honorable Robert Duncan, Chair, Senate Committee on State Affairs
Honorable Robert Duncan, Chair, Senate Committee on State Affairs
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 Engrossed
HB1265 by Guillen (Relating to providing information to state employees about insurance available to those employees under a group coverage plan.), As Engrossed
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, AG, RB, JI, JJO, EMo
UP, AG, RB, JI, JJO, EMo