LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE 75th Regular Session May 14, 1997 TO: Honorable Kenneth Armbrister, Chair IN RE: House Bill No. 2029, As Engrossed Committee on State Affairs By: Turner,Bob Senate Austin, Texas FROM: John Keel, Director In response to your request for a Fiscal Note on HB2029 ( Relating to retirement because of disability under the Employees Retirement System of Texas.) this office has detemined the following: Biennial Net Impact to General Revenue Funds by HB2029-As Engrossed No fiscal implication to the State is anticipated. This bill would provide occupational disability benefits to contributing members of the Employees Retirement System (ERS) who are injured while on active duty with the Texas National Guard or the Texas State Guard and are discharged from that entity and cease State employment. The bill would become effective September 1, 1997. The normal cost of the ERS is expected to increase from 12.305% to 12.307%, or approximately $80,000 a year. The liabilities of the ERS would increase by $600,000. However, the fund has a sufficient actuarial surplus to absorb this increase in liabilities, and an increase in the state's contributions would not be necessary. No fiscal implication to units of local government is anticipated. Source: Agencies: 327 Employees Retirement System LBB Staff: JK ,JD ,PE ,SC