Enrolled Bill Summary

House Bill 2427	House Author:  Truitt et al.
Effective:  9-1-07	Senate Sponsor:  Whitmire

            House Bill 2427 amends the Government Code to continue the Teacher Retirement System of Texas (TRS) until September 1, 2019. In addition to across-the-board sunset provisions, the bill requires the TRS board of trustees to adopt policies governing retirement benefits counseling services that will make such counseling available to groups and individuals throughout the state and to adopt rules limiting the plan's disability retirement benefits. The bill amends the Education Code to discontinue the TRS health insurance comparability study and amends the Insurance Code to expand the public school employees group benefits program to include certain TRS disability retirees.  In addition, the bill amends provisions of the Business & Commerce Code and other statutes in connection with the registration, sale, and administration of 403(b) retirement investment products offered by a retirement system to state employees.