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: HB5015 by Geren (Relating to participation by certain retirement systems in the proportionate retirement program.), As Introduced No significant fiscal implication to the State is anticipated. The bill would add the Fort Worth Employees' Retirement Fund to the list of public retirement systems eligible to participate in the proportionate retirement program.No significant impact to the state is anticipated from implementing the provisions of the bill. Local Government ImpactAccording to the Fort Worth Employees' Retirement Fund, there would be administrative costs associated with administering the benefit, but those costs are anticipated to be minimal relative to the Fund's asset size. Source Agencies: b > td > 327 Employees Retirement System, 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: HB5015 by Geren (Relating to participation by certain retirement systems in the proportionate retirement program.), As Introduced
TO: Honorable Stan Lambert, Chair, House Committee on Pensions, Investments & Financial Services
FROM: Jerry McGinty, Director, Legislative Budget Board
IN RE: HB5015 by Geren (Relating to participation by certain retirement systems in the proportionate retirement program.), 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
HB5015 by Geren (Relating to participation by certain retirement systems in the proportionate retirement program.), As Introduced
HB5015 by Geren (Relating to participation by certain retirement systems in the proportionate retirement program.), As Introduced
No significant fiscal implication to the State is anticipated.
No significant fiscal implication to the State is anticipated.
The bill would add the Fort Worth Employees' Retirement Fund to the list of public retirement systems eligible to participate in the proportionate retirement program.No significant impact to the state is anticipated from implementing the provisions of the bill.
No significant impact to the state is anticipated from implementing the provisions of the bill.
Local Government Impact
According to the Fort Worth Employees' Retirement Fund, there would be administrative costs associated with administering the benefit, but those costs are anticipated to be minimal relative to the Fund's asset size.
Source Agencies: b > td > 327 Employees Retirement System, 338 Pension Review Board
327 Employees Retirement System, 338 Pension Review Board
LBB Staff: b > td > JMc, FV, JPO
JMc, FV, JPO