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 ************************************************************************** * No fiscal implication to the State is anticipated. * ************************************************************************** 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