LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 87TH LEGISLATIVE REGULAR SESSION April 15, 2021 TO: Honorable Rafael Anchia, Chair, House Committee on Pensions, Investments & Financial Services FROM: Jerry McGinty, Director, Legislative Budget Board IN RE: HB3375 by Davis (Relating to certain benefits payable by the public retirement systems for police and fire fighters in certain municipalities.), As Introduced No significant fiscal implication to the State is anticipated. The bill would amend Vernon's Civil Statutes to make changes to the distribution of benefits for the Dallas Police & Fire Pension System (DPFPS). According to the actuarial impact statement prepared by the Pension Review Board, DPFPS is currently unsound, and under the bill, DPFPS would continue to be unsound, projecting to be fully funded by 2077. Local Government ImpactThe local impact of the bill cannot be determined. Source Agencies: b > td > 338 Pension Review Board LBB Staff: b > td > JMc, AAL, LCO, JPO
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 87TH LEGISLATIVE REGULAR SESSION
April 15, 2021
TO: Honorable Rafael Anchia, Chair, House Committee on Pensions, Investments & Financial Services FROM: Jerry McGinty, Director, Legislative Budget Board IN RE: HB3375 by Davis (Relating to certain benefits payable by the public retirement systems for police and fire fighters in certain municipalities.), As Introduced
TO: Honorable Rafael Anchia, Chair, House Committee on Pensions, Investments & Financial Services
FROM: Jerry McGinty, Director, Legislative Budget Board
IN RE: HB3375 by Davis (Relating to certain benefits payable by the public retirement systems for police and fire fighters in certain municipalities.), As Introduced
Honorable Rafael Anchia, Chair, House Committee on Pensions, Investments & Financial Services
Honorable Rafael Anchia, Chair, House Committee on Pensions, Investments & Financial Services
Jerry McGinty, Director, Legislative Budget Board
Jerry McGinty, Director, Legislative Budget Board
HB3375 by Davis (Relating to certain benefits payable by the public retirement systems for police and fire fighters in certain municipalities.), As Introduced
HB3375 by Davis (Relating to certain benefits payable by the public retirement systems for police and fire fighters in certain municipalities.), As Introduced
No significant fiscal implication to the State is anticipated.
No significant fiscal implication to the State is anticipated.
The bill would amend Vernon's Civil Statutes to make changes to the distribution of benefits for the Dallas Police & Fire Pension System (DPFPS). According to the actuarial impact statement prepared by the Pension Review Board, DPFPS is currently unsound, and under the bill, DPFPS would continue to be unsound, projecting to be fully funded by 2077.
Local Government Impact
The local impact of the bill cannot be determined.
Source Agencies: b > td > 338 Pension Review Board
338 Pension Review Board
LBB Staff: b > td > JMc, AAL, LCO, JPO
JMc, AAL, LCO, JPO