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.