LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 88TH LEGISLATIVE REGULAR SESSION April 3, 2023 TO: Honorable Joan Huffman, Chair, Senate Committee on Finance FROM: Jerry McGinty, Director, Legislative Budget Board IN RE: SB1854 by Paxton (Relating to optional group benefits for dental and vision care under the Texas Public School Employees Group Insurance Program.), As Introduced No significant fiscal implication to the State is anticipated. The bill would require the Teacher Retirement System (TRS) to establish optional benefit programs for vision and dental care within the Texas Public School Employees Group Insurance Program, or TRS-Care. The bill would not modify existing state contributions to the retired school employees group insurance fund.TRS did not provide estimates of increased claims costs under the bill. However, TRS assumes that any costs associated with the additional benefits and administrative costs of the bill would be funded by increased contributions from participating plan members. Therefore, there is no significant fiscal impact to the state or the retired school employees group insurance fund. Local Government ImpactNo fiscal implication to units of local government is anticipated. Source Agencies: b > td > 323 Teacher Retirement System LBB Staff: b > td > JMc, KK, ASA, MMo
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 88TH LEGISLATIVE REGULAR SESSION
April 3, 2023
TO: Honorable Joan Huffman, Chair, Senate Committee on Finance FROM: Jerry McGinty, Director, Legislative Budget Board IN RE: SB1854 by Paxton (Relating to optional group benefits for dental and vision care under the Texas Public School Employees Group Insurance Program.), As Introduced
TO: Honorable Joan Huffman, Chair, Senate Committee on Finance
FROM: Jerry McGinty, Director, Legislative Budget Board
IN RE: SB1854 by Paxton (Relating to optional group benefits for dental and vision care under the Texas Public School Employees Group Insurance Program.), As Introduced
Honorable Joan Huffman, Chair, Senate Committee on Finance
Honorable Joan Huffman, Chair, Senate Committee on Finance
Jerry McGinty, Director, Legislative Budget Board
Jerry McGinty, Director, Legislative Budget Board
SB1854 by Paxton (Relating to optional group benefits for dental and vision care under the Texas Public School Employees Group Insurance Program.), As Introduced
SB1854 by Paxton (Relating to optional group benefits for dental and vision care under the Texas Public School Employees Group Insurance Program.), As Introduced
No significant fiscal implication to the State is anticipated.
No significant fiscal implication to the State is anticipated.
The bill would require the Teacher Retirement System (TRS) to establish optional benefit programs for vision and dental care within the Texas Public School Employees Group Insurance Program, or TRS-Care. The bill would not modify existing state contributions to the retired school employees group insurance fund.TRS did not provide estimates of increased claims costs under the bill. However, TRS assumes that any costs associated with the additional benefits and administrative costs of the bill would be funded by increased contributions from participating plan members. Therefore, there is no significant fiscal impact to the state or the retired school employees group insurance fund.
Local Government Impact
No fiscal implication to units of local government is anticipated.
Source Agencies: b > td > 323 Teacher Retirement System
323 Teacher Retirement System
LBB Staff: b > td > JMc, KK, ASA, MMo
JMc, KK, ASA, MMo