LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 87TH LEGISLATIVE REGULAR SESSION April 6, 2021 TO: Honorable Jane Nelson, Chair, Senate Committee on Finance FROM: Jerry McGinty, Director, Legislative Budget Board IN RE: SB202 by Schwertner (Relating to the payment of certain employer contributions for employed retirees of the Teacher Retirement System of Texas.), As Introduced No fiscal implication to the State is anticipated. Local Government ImpactThe bill could have a fiscal impact to local education agencies to the extent that an agency is directly or indirectly passing on the cost identified in the bill to the TRS retiree, which would be prohibited under the bill. Source Agencies: b > td > 323 Teacher Retirement System LBB Staff: b > td > JMc, KK, AH, RSTE
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 87TH LEGISLATIVE REGULAR SESSION
April 6, 2021
TO: Honorable Jane Nelson, Chair, Senate Committee on Finance FROM: Jerry McGinty, Director, Legislative Budget Board IN RE: SB202 by Schwertner (Relating to the payment of certain employer contributions for employed retirees of the Teacher Retirement System of Texas.), As Introduced
TO: Honorable Jane Nelson, Chair, Senate Committee on Finance
FROM: Jerry McGinty, Director, Legislative Budget Board
IN RE: SB202 by Schwertner (Relating to the payment of certain employer contributions for employed retirees of the Teacher 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
SB202 by Schwertner (Relating to the payment of certain employer contributions for employed retirees of the Teacher Retirement System of Texas.), As Introduced
SB202 by Schwertner (Relating to the payment of certain employer contributions for employed retirees of the Teacher Retirement System of Texas.), As Introduced
No fiscal implication to the State is anticipated.
No fiscal implication to the State is anticipated.
Local Government Impact
The bill could have a fiscal impact to local education agencies to the extent that an agency is directly or indirectly passing on the cost identified in the bill to the TRS retiree, which would be prohibited under the bill.
Source Agencies: b > td > 323 Teacher Retirement System
323 Teacher Retirement System
LBB Staff: b > td > JMc, KK, AH, RSTE
JMc, KK, AH, RSTE