LEGISLATIVE BUDGET BOARD
                              Austin, Texas
                                     
                    FISCAL NOTE, 76th Regular Session
  
                              April 14, 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), Committee Report 1st House, Substituted
  
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*  No fiscal implication to the State is anticipated.                    *
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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.
  
Local Government Impact
  
No fiscal implication to units of local government is anticipated.
  
  
Source Agencies:   327   Employees Retirement System
LBB Staff:         JK, SD, WM