LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 87TH LEGISLATIVE REGULAR SESSION April 26, 2021 TO: Honorable Jane Nelson, Chair, Senate Committee on Finance FROM: Jerry McGinty, Director, Legislative Budget Board IN RE: SB1071 by Hinojosa (Relating to disability retirement benefits for certain peace officers under the Employees Retirement System of Texas.), As Introduced No significant fiscal implication to the State is anticipated. The bill amends the Government Code to change the disability retirement benefits for certain peace officers under the Employees Retirement System of Texas (ERS). Under the provisions of the bill, the benefit would change from 100 percent of the officer's average monthly compensation to a monthly amount based on the maximum salary authorized under Schedule C of the position classification salary schedule prescribed in the General Appropriations Act. Due to the small number of persons anticipated to be affected by the bill, it is assumed any additional cost to ERS associated with the provisions of the bill could be absorbed within existing resources. The bill may conflict with Government Code 811.006, which relates to actions increasing the amortization period of ERS and requires ERS to be actuarially sound both before and after any benefit increases are made. Local Government ImpactNo significant fiscal implication to units of local government is anticipated. Source Agencies: b > td > 327 Employees Retirement System LBB Staff: b > td > JMc, KK, LCO, JPO
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 87TH LEGISLATIVE REGULAR SESSION
April 26, 2021
TO: Honorable Jane Nelson, Chair, Senate Committee on Finance FROM: Jerry McGinty, Director, Legislative Budget Board IN RE: SB1071 by Hinojosa (Relating to disability retirement benefits for certain peace officers under the Employees Retirement System of Texas.), As Introduced
TO: Honorable Jane Nelson, Chair, Senate Committee on Finance
FROM: Jerry McGinty, Director, Legislative Budget Board
IN RE: SB1071 by Hinojosa (Relating to disability retirement benefits for certain peace officers under the Employees Retirement System of Texas.), As Introduced
Honorable Jane Nelson, Chair, Senate Committee on Finance
Honorable Jane Nelson, Chair, Senate Committee on Finance
Jerry McGinty, Director, Legislative Budget Board
Jerry McGinty, Director, Legislative Budget Board
SB1071 by Hinojosa (Relating to disability retirement benefits for certain peace officers under the Employees Retirement System of Texas.), As Introduced
SB1071 by Hinojosa (Relating to disability retirement benefits for certain peace officers under the Employees Retirement System of Texas.), As Introduced
No significant fiscal implication to the State is anticipated.
No significant fiscal implication to the State is anticipated.
The bill amends the Government Code to change the disability retirement benefits for certain peace officers under the Employees Retirement System of Texas (ERS). Under the provisions of the bill, the benefit would change from 100 percent of the officer's average monthly compensation to a monthly amount based on the maximum salary authorized under Schedule C of the position classification salary schedule prescribed in the General Appropriations Act. Due to the small number of persons anticipated to be affected by the bill, it is assumed any additional cost to ERS associated with the provisions of the bill could be absorbed within existing resources. The bill may conflict with Government Code 811.006, which relates to actions increasing the amortization period of ERS and requires ERS to be actuarially sound both before and after any benefit increases are made.
Local Government Impact
No significant fiscal implication to units of local government is anticipated.
Source Agencies: b > td > 327 Employees Retirement System
327 Employees Retirement System
LBB Staff: b > td > JMc, KK, LCO, JPO
JMc, KK, LCO, JPO