LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 89TH LEGISLATIVE REGULAR SESSION April 11, 2025 TO: Honorable Stan Lambert, Chair, House Committee on Pensions, Investments & Financial Services FROM: Jerry McGinty, Director, Legislative Budget Board IN RE: HB4534 by Metcalf (Relating to death benefits provided under certain police officer retirement systems.), As Introduced No significant fiscal implication to the State is anticipated. The bill would amend Vernon's Texas Civil Statutes as it relates to death benefits provided by the Austin Police Retirement System. Under the provisions of the bill, certain survivors of members who die in the line of duty would be entitled to a lump sum benefit of $1,000,000. No significant impact to the state is anticipated from the provisions of the bill. Local Government ImpactAccording to the Austin Police Retirement System (APRS), it is estimated that the direct cost to the system from the bill would be insignificant. According to APRS, the increase to the contribution rate paid by the City of Austin would be 0.16 percent. Source Agencies: b > td > 338 Pension Review Board LBB Staff: b > td > JMc, FV, JPO
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 89TH LEGISLATIVE REGULAR SESSION
April 11, 2025
TO: Honorable Stan Lambert, Chair, House Committee on Pensions, Investments & Financial Services FROM: Jerry McGinty, Director, Legislative Budget Board IN RE: HB4534 by Metcalf (Relating to death benefits provided under certain police officer retirement systems.), As Introduced
TO: Honorable Stan Lambert, Chair, House Committee on Pensions, Investments & Financial Services
FROM: Jerry McGinty, Director, Legislative Budget Board
IN RE: HB4534 by Metcalf (Relating to death benefits provided under certain police officer retirement systems.), As Introduced
Honorable Stan Lambert, Chair, House Committee on Pensions, Investments & Financial Services
Honorable Stan Lambert, Chair, House Committee on Pensions, Investments & Financial Services
Jerry McGinty, Director, Legislative Budget Board
Jerry McGinty, Director, Legislative Budget Board
HB4534 by Metcalf (Relating to death benefits provided under certain police officer retirement systems.), As Introduced
HB4534 by Metcalf (Relating to death benefits provided under certain police officer retirement systems.), As Introduced
No significant fiscal implication to the State is anticipated.
No significant fiscal implication to the State is anticipated.
The bill would amend Vernon's Texas Civil Statutes as it relates to death benefits provided by the Austin Police Retirement System. Under the provisions of the bill, certain survivors of members who die in the line of duty would be entitled to a lump sum benefit of $1,000,000. No significant impact to the state is anticipated from the provisions of the bill.
No significant impact to the state is anticipated from the provisions of the bill.
Local Government Impact
According to the Austin Police Retirement System (APRS), it is estimated that the direct cost to the system from the bill would be insignificant. According to APRS, the increase to the contribution rate paid by the City of Austin would be 0.16 percent.
Source Agencies: b > td > 338 Pension Review Board
338 Pension Review Board
LBB Staff: b > td > JMc, FV, JPO
JMc, FV, JPO