LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 88TH LEGISLATIVE REGULAR SESSION March 29, 2023 TO: Honorable Giovanni Capriglione, Chair, House Committee on Pensions, Investments & Financial Services FROM: Jerry McGinty, Director, Legislative Budget Board IN RE: HB4034 by Johnson, Julie (Relating to certain disability and death benefits payable by the public retirement systems for police and fire fighters in certain municipalities.), As Introduced No significant fiscal implication to the State is anticipated. The bill would make changes to certain death and disability benefits for members of the Dallas Police and Fire Pension System. It is assumed any costs associated with implementing the provisions of the bill could be absorbed using existing resources. Local Government ImpactAccording to the Dallas Police and Fire Pension System (DPFP), implementing the provisions of the bill will increase the total liability reported by DPFP from $5.159 billion to $5.161 billion, an increase of $2 million or 0.039%. Source Agencies: b > td > 326 Texas Emergency Services Retirement System LBB Staff: b > td > JMc, MOc, LCO, JPO
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 88TH LEGISLATIVE REGULAR SESSION
March 29, 2023
TO: Honorable Giovanni Capriglione, Chair, House Committee on Pensions, Investments & Financial Services FROM: Jerry McGinty, Director, Legislative Budget Board IN RE: HB4034 by Johnson, Julie (Relating to certain disability and death benefits payable by the public retirement systems for police and fire fighters in certain municipalities.), As Introduced
TO: Honorable Giovanni Capriglione, Chair, House Committee on Pensions, Investments & Financial Services
FROM: Jerry McGinty, Director, Legislative Budget Board
IN RE: HB4034 by Johnson, Julie (Relating to certain disability and death benefits payable by the public retirement systems for police and fire fighters in certain municipalities.), 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
HB4034 by Johnson, Julie (Relating to certain disability and death benefits payable by the public retirement systems for police and fire fighters in certain municipalities.), As Introduced
HB4034 by Johnson, Julie (Relating to certain disability and death benefits payable by the public retirement systems for police and fire fighters in certain municipalities.), As Introduced
No significant fiscal implication to the State is anticipated.
No significant fiscal implication to the State is anticipated.
The bill would make changes to certain death and disability benefits for members of the Dallas Police and Fire Pension System. It is assumed any costs associated with implementing the provisions of the bill could be absorbed using existing resources.
Local Government Impact
According to the Dallas Police and Fire Pension System (DPFP), implementing the provisions of the bill will increase the total liability reported by DPFP from $5.159 billion to $5.161 billion, an increase of $2 million or 0.039%.
Source Agencies: b > td > 326 Texas Emergency Services Retirement System
326 Texas Emergency Services Retirement System
LBB Staff: b > td > JMc, MOc, LCO, JPO
JMc, MOc, LCO, JPO