Honorable Giovanni Capriglione, Chair, House Committee on Pensions, Investments & Financial Services
FROM:
Jerry McGinty, Director, Legislative Budget Board
IN RE:
HB2649 by Allison (relating to the retirement system in certain municipalities for firefighters and police officers.), Committee Report 1st House, Substituted
No significant fiscal implication to the State is anticipated.
The bill would amend Vernon's Texas Civil Statutes to make changes to the San Antonio Fire and Police Pension Fund. It is assumed any costs from the bill could be absorbed using existing resources.
Local Government Impact
According to the San Antonio Fire and Police Pension Fund, the bill would have an insignificant fiscal impact on the fund and no fiscal impact on the plan sponsor, the City of San Antonio.