LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 87TH LEGISLATIVE REGULAR SESSION May 21, 2021 TO: Honorable Rafael Anchia, Chair, House Committee on Pensions, Investments & Financial Services 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.), Committee Report 2nd House, Substituted 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 computed based on the maximum salary authorized under the position classification salary schedule prescribed by 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. 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, AAL, LCO, JPO, KK
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 87TH LEGISLATIVE REGULAR SESSION
May 21, 2021
TO: Honorable Rafael Anchia, Chair, House Committee on Pensions, Investments & Financial Services 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.), Committee Report 2nd House, Substituted
TO: Honorable Rafael Anchia, Chair, House Committee on Pensions, Investments & Financial Services
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.), Committee Report 2nd House, Substituted
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
SB1071 by Hinojosa (relating to disability retirement benefits for certain peace officers under the Employees Retirement System of Texas.), Committee Report 2nd House, Substituted
SB1071 by Hinojosa (relating to disability retirement benefits for certain peace officers under the Employees Retirement System of Texas.), Committee Report 2nd House, Substituted
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 computed based on the maximum salary authorized under the position classification salary schedule prescribed by 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.
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, AAL, LCO, JPO, KK
JMc, AAL, LCO, JPO, KK