LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 84TH LEGISLATIVE REGULAR SESSION April 14, 2015 TO: Honorable Dan Flynn, Chair, House Committee on Pensions FROM: Ursula Parks, Director, Legislative Budget Board IN RE:HB3227 by Hernandez (Relating to the composition of the board of trustees of the Employees Retirement System of Texas.), Committee Report 1st House, Substituted No significant fiscal implication to the State is anticipated. The bill would amend the Government Code to require that one of the elected members to the Employees Retirement System Board of Trustees be a retiree. ERS anticipates that any additional administrative costs associated with implementing the bill could be absorbed within existing resources. The bill would take effect September 1, 2015 and would apply only to the election of a Board member that occurs on or after the effective date. Local Government Impact No fiscal implication to units of local government is anticipated. Source Agencies:327 Employees Retirement System LBB Staff: UP, AG, EP, EMo
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 84TH LEGISLATIVE REGULAR SESSION
April 14, 2015
TO: Honorable Dan Flynn, Chair, House Committee on Pensions FROM: Ursula Parks, Director, Legislative Budget Board IN RE:HB3227 by Hernandez (Relating to the composition of the board of trustees of the Employees Retirement System of Texas.), Committee Report 1st House, Substituted
TO: Honorable Dan Flynn, Chair, House Committee on Pensions
FROM: Ursula Parks, Director, Legislative Budget Board
IN RE: HB3227 by Hernandez (Relating to the composition of the board of trustees of the Employees Retirement System of Texas.), Committee Report 1st House, Substituted
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
HB3227 by Hernandez (Relating to the composition of the board of trustees of the Employees Retirement System of Texas.), Committee Report 1st House, Substituted
HB3227 by Hernandez (Relating to the composition of the board of trustees of the Employees Retirement System of Texas.), Committee Report 1st House, Substituted
No significant fiscal implication to the State is anticipated.
No significant fiscal implication to the State is anticipated.
The bill would amend the Government Code to require that one of the elected members to the Employees Retirement System Board of Trustees be a retiree. ERS anticipates that any additional administrative costs associated with implementing the bill could be absorbed within existing resources. The bill would take effect September 1, 2015 and would apply only to the election of a Board member that occurs on or after the effective date.
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, EP, EMo
UP, AG, EP, EMo