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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 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.