LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 88TH LEGISLATIVE REGULAR SESSION March 21, 2023 TO: Honorable Giovanni Capriglione, Chair, House Committee on Pensions, Investments & Financial Services FROM: Jerry McGinty, Director, Legislative Budget Board IN RE: HB3493 by Bonnen (Relating to the service retirement eligibility and benefits of certain members of the Employees Retirement System of Texas.), As Introduced No significant fiscal implication to the State is anticipated. The bill would repeal Section 814.109 of the Government Code which allows members of the Employees Retirement System to retire without separating from a position if the member is 60 years or older and has reached the maximum annuity permitted. No significant impact is expected from implementing the provisions of the bill. Local Government ImpactNo fiscal implication to units of local government is anticipated. Source Agencies: b > td > 327 Employees Retirement System LBB Staff: b > td > JMc, MOc, LCO, JPO, NV
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 88TH LEGISLATIVE REGULAR SESSION
March 21, 2023
TO: Honorable Giovanni Capriglione, Chair, House Committee on Pensions, Investments & Financial Services FROM: Jerry McGinty, Director, Legislative Budget Board IN RE: HB3493 by Bonnen (Relating to the service retirement eligibility and benefits of certain members of the Employees Retirement System of Texas.), As Introduced
TO: Honorable Giovanni Capriglione, Chair, House Committee on Pensions, Investments & Financial Services
FROM: Jerry McGinty, Director, Legislative Budget Board
IN RE: HB3493 by Bonnen (Relating to the service retirement eligibility and benefits of certain members of the Employees Retirement System of Texas.), As Introduced
Honorable Giovanni Capriglione, Chair, House Committee on Pensions, Investments & Financial Services
Honorable Giovanni Capriglione, Chair, House Committee on Pensions, Investments & Financial Services
Jerry McGinty, Director, Legislative Budget Board
Jerry McGinty, Director, Legislative Budget Board
HB3493 by Bonnen (Relating to the service retirement eligibility and benefits of certain members of the Employees Retirement System of Texas.), As Introduced
HB3493 by Bonnen (Relating to the service retirement eligibility and benefits of certain members of 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 would repeal Section 814.109 of the Government Code which allows members of the Employees Retirement System to retire without separating from a position if the member is 60 years or older and has reached the maximum annuity permitted. No significant impact is expected from implementing the provisions of the bill.
Local Government Impact
No 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, MOc, LCO, JPO, NV
JMc, MOc, LCO, JPO, NV