SRC-DBM S.B. 1867 76(R) BILL ANALYSIS Senate Research Center S.B. 1867 76R12546 GCH-DBy: Moncrief Finance 4/20/1999 As Filed DIGEST 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 1998-99 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 would require TRS and ERS each to make an annual contribution of $200,000 to the State Pension Review Board. PURPOSE As proposed, S.B. 1867 requires the Teacher Retirement System and the Employees Retirement System to make contributions to the State Pension Review Board. RULEMAKING AUTHORITY This bill does not grant any additional rulemaking authority to a state officer, institution, or agency. SECTION BY SECTION ANALYSIS SECTION 1. Amends Section 801.113, Government Code, by adding Subsection (g), to require, notwithstanding Subsection (c), the Teacher Retirement System of Texas and the Employees Retirement System of Texas each to make an annual contribution of $200,000 to the State Pension Review Board (board) for services performed by the board for the systems. 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.