LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 76th Regular Session
April 6, 1999
TO: Honorable Florence Shapiro, Chair, Senate Committee on
State Affairs
FROM: John Keel, Director, Legislative Budget Board
IN RE: SB1130 by Armbrister (Relating to programs and systems
administered by the Employees Retirement System of
Texas.), As Introduced
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* No fiscal implication to the State is anticipated. *
* *
* The bill would make no appropriation but could provide the legal *
* basis for an appropriation of funds to implement the provisions of *
* the bill. *
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The provisions of the bill relating to improved retirement benefits for
Employees Retirement System (ERS) members would have an actuarial cost,
but no additional state contributions would be required.
There are also provisions in the bill affecting insurance programs
administered by the ERS. One provision specifies a reserve to be held
for self insured programs equal to 60 days of anticipated claims and
administrative costs. This provision would not have a fiscal impact
relative to SB 2, the General Appropriations Bill, as introduced.
However, if the Senate Finance Committee recommends a reduction in
appropriations for state and higher education employees' health
insurance in anticipation of a lower reserve level, this provision could
have a fiscal impact.
Local Government Impact
No fiscal implication to units of local government is anticipated.
Source Agencies:
LBB Staff: JK, SD, WM