LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 84TH LEGISLATIVE REGULAR SESSION April 19, 2015 TO: Honorable Dan Flynn, Chair, House Committee on Pensions FROM: Ursula Parks, Director, Legislative Budget Board IN RE:HB2608 by Murphy (Relating to municipal control of certain public retirement systems established for the benefit of municipal employees.), As Introduced No fiscal implication to the State is anticipated. The bill would amend the Government Code to permit certain municipalities to adopt an ordinance or resolution that supplement or supersede the operative provisions of a public retirement system's statute, which would include participation and eligibility requirements, funding source or amount and administration of the system. Local Government Impact No significant fiscal implication to units of local government is anticipated.The City of Austin and the City of El Paso reported no fiscal impact is anticipated as a result of the provisions of the bill. Source Agencies: LBB Staff: UP, AG, SD, EK
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 84TH LEGISLATIVE REGULAR SESSION
April 19, 2015
TO: Honorable Dan Flynn, Chair, House Committee on Pensions FROM: Ursula Parks, Director, Legislative Budget Board IN RE:HB2608 by Murphy (Relating to municipal control of certain public retirement systems established for the benefit of municipal employees.), As Introduced
TO: Honorable Dan Flynn, Chair, House Committee on Pensions
FROM: Ursula Parks, Director, Legislative Budget Board
IN RE: HB2608 by Murphy (Relating to municipal control of certain public retirement systems established for the benefit of municipal employees.), As Introduced
Honorable Dan Flynn, Chair, House Committee on Pensions
Honorable Dan Flynn, Chair, House Committee on Pensions
Ursula Parks, Director, Legislative Budget Board
Ursula Parks, Director, Legislative Budget Board
HB2608 by Murphy (Relating to municipal control of certain public retirement systems established for the benefit of municipal employees.), As Introduced
HB2608 by Murphy (Relating to municipal control of certain public retirement systems established for the benefit of municipal employees.), As Introduced
No fiscal implication to the State is anticipated.
No fiscal implication to the State is anticipated.
The bill would amend the Government Code to permit certain municipalities to adopt an ordinance or resolution that supplement or supersede the operative provisions of a public retirement system's statute, which would include participation and eligibility requirements, funding source or amount and administration of the system.
Local Government Impact
No significant fiscal implication to units of local government is anticipated.The City of Austin and the City of El Paso reported no fiscal impact is anticipated as a result of the provisions of the bill.
Source Agencies:
LBB Staff: UP, AG, SD, EK
UP, AG, SD, EK