LEGISLATIVE BUDGET BOARD
                              Austin, Texas
                                     
                    FISCAL NOTE, 76th Regular Session
  
                              April 7, 1999
  
  
          TO:  Honorable Florence Shapiro, Chair, Senate Committee on
               State Affairs
  
        FROM:  John Keel, Director, Legislative Budget Board
  
       IN RE:  SB1129  by Armbrister (relating to participation and
               credit in, contributions to, and benefits and
               administration of the Texas County and District
               Retirement System.), Committee Report 1st House,
               Substituted
  
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*  No fiscal implication to the State is anticipated.                    *
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Local Government Impact
  
No significant fiscal implication to units of local government is
anticipated.

The bill would make numerous changes to the Texas County and District
Retirement System (TCDRS). Some of the provisions would add actuarial
costs, but they would not be significant, and passage of the bill would
not cause any of the retirement plans in TCDRS to have an inadequate
financing arrangement, i.e. to be actuarially unsound.

One of the provisions removes the current 11% of payroll limit on
contributions by the employer.  If the governing body of a subdivision
in TCDRS elected to do so, it could increase payments for its employees
by a significant amount.  But this would be at the discretion of the
participating subdivision.  Other provisions also allow for new benefit
options at the discretion of the subdivisions, but are not anticipated
to have significant fiscal or actuarial impacts.
  
  
Source Agencies:   
LBB Staff:         JK, SD, WM