HBA-GUM S.B. 1867 76(R) BILL ANALYSIS Office of House Bill AnalysisS.B. 1867 By: Moncrief Pensions & Investments 5/10/1999 Engrossed BACKGROUND AND PURPOSE Currently, appropriations for the State Pension Review Board (board) are financed by general revenue and contributions to the State Pension Review Board Fund. These contributions are authorized by statute and are made voluntarily by the many pension plan participants overseen by the board. In the fiscal year 1998-1999 biennium, approximately $445,000 in general revenue is appropriated to the board; the dedicated fund contributes $120,000. While the board plays a role in oversight of the Employees Retirement System (ERS) and the Teacher Retirement System (TRS), neither system makes a contribution to the board for its services. S.B. 1867 requires TRS and ERS each to make an annual contribution of $100,000 to the State Pension Review Board. RULEMAKING AUTHORITY It is the opinion of the Office of House Bill Analysis that this bill does not expressly delegate any additional rulemaking authority to a state officer, department, agency, or institution. SECTION BY SECTION ANALYSIS SECTION 1. Amends Section 801.113, Government Code, by adding Subsection (g), to require the Teacher Retirement System and the Employees Retirement System each to make an annual contribution of $100,000 to the State Pension Review Board (board) for services performed by the board for the systems, notwithstanding Subsection (c) (relating to an annual contribution to the state Pension Review Board by a board of a public retirement system). Provides that the contributions are payable in a lump sum or in installments as provided by the respective retirement systems. Requires the contributions to be deposited to the credit of the board fund. SECTION 2. Effective date: September 1, 1999. SECTION 3. Emergency clause.