LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 87TH LEGISLATIVE REGULAR SESSION April 6, 2021 TO: Honorable Rafael Anchia, Chair, House Committee on Pensions, Investments & Financial Services FROM: Jerry McGinty, Director, Legislative Budget Board IN RE: HB4534 by Gates (Relating to a study by the Employees Retirement System of Texas of certain state pension and retirement reforms.), As Introduced No significant fiscal implication to the State is anticipated. The bill would require the Employees Retirement System (ERS) to conduct a study of the impact of adopting certain changes to the state's employee retirement system. The report would be completed by September 1, 2022. According to ERS and the Pension Review Board, no significant fiscal impact to the state is anticipated. Local Government ImpactNo significant fiscal implication to units of local government is anticipated. Source Agencies: b > td > 327 Employees Retirement System, 338 Pension Review Board LBB Staff: b > td > JMc, AAL, LCO, JPO
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 87TH LEGISLATIVE REGULAR SESSION
April 6, 2021
TO: Honorable Rafael Anchia, Chair, House Committee on Pensions, Investments & Financial Services FROM: Jerry McGinty, Director, Legislative Budget Board IN RE: HB4534 by Gates (Relating to a study by the Employees Retirement System of Texas of certain state pension and retirement reforms.), As Introduced
TO: Honorable Rafael Anchia, Chair, House Committee on Pensions, Investments & Financial Services
FROM: Jerry McGinty, Director, Legislative Budget Board
IN RE: HB4534 by Gates (Relating to a study by the Employees Retirement System of Texas of certain state pension and retirement reforms.), 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
HB4534 by Gates (Relating to a study by the Employees Retirement System of Texas of certain state pension and retirement reforms.), As Introduced
HB4534 by Gates (Relating to a study by the Employees Retirement System of Texas of certain state pension and retirement reforms.), As Introduced
No significant fiscal implication to the State is anticipated.
No significant fiscal implication to the State is anticipated.
The bill would require the Employees Retirement System (ERS) to conduct a study of the impact of adopting certain changes to the state's employee retirement system. The report would be completed by September 1, 2022. According to ERS and the Pension Review Board, no significant fiscal impact to the state is anticipated.
Local Government Impact
No significant fiscal implication to units of local government is anticipated.
Source Agencies: b > td > 327 Employees Retirement System, 338 Pension Review Board
327 Employees Retirement System, 338 Pension Review Board
LBB Staff: b > td > JMc, AAL, LCO, JPO
JMc, AAL, LCO, JPO