LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 87TH LEGISLATIVE REGULAR SESSION May 18, 2021 TO: Honorable Rafael Anchia, Chair, House Committee on Pensions, Investments & Financial Services 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 Engrossed 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, AAL, AH, RSTE, KK
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 87TH LEGISLATIVE REGULAR SESSION
May 18, 2021
TO: Honorable Rafael Anchia, Chair, House Committee on Pensions, Investments & Financial Services 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 Engrossed
TO: Honorable Rafael Anchia, Chair, House Committee on Pensions, Investments & Financial Services
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 Engrossed
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
SB202 by Schwertner (Relating to the payment of certain employer contributions for employed retirees of the Teacher Retirement System of Texas.), As Engrossed
SB202 by Schwertner (Relating to the payment of certain employer contributions for employed retirees of the Teacher Retirement System of Texas.), As Engrossed
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, AAL, AH, RSTE, KK
JMc, AAL, AH, RSTE, KK