LEGISLATIVE BUDGET BOARD
                              Austin, Texas
                                     
                    FISCAL NOTE, 77th Regular Session
  
                              March 11, 2001
  
  
          TO:  Honorable Dale B. Tillery, Chair, House Committee on
               Pensions & Investments
  
        FROM:  John Keel, Director, Legislative Budget Board
  
       IN RE:  HB1164  by Eiland (Relating to credit in the Texas County
               and District Retirement System for certain service as a
               peace officer.), As Introduced
  
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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 proposal would allow a contributing member to establish Texas County
and District Retirement System (TCDRS) current service credit for service
previously performed as a peace officer licensed by the Commission on
Law Enforcement Standards and Education and commissioned by a state
agency included in the coverage of the Employees Retirement System of
Texas (ERS) or a municipality covered by the Texas Municipal Retirement
System (TMRS).  Service may not be established for any service while it
is credited in ERS or TMRS. The member would be required to pay the
actuarial present value of the additional standard service retirement
benefit that would be attributable to the credit.

Since only a relatively small subset of members would be affected, and
they would be required to pay the actuarial present value of  the
additional standard service retirement benefit, it seems likely that in
most cases, additional costs to participating subdivisions of TCDRS would
not be significant. The actuary points out that this proposal may allow
these members to retire earlier, though of course they would still be
subject to the standard retirement eligibility provisions for their plan.
  
  
Source Agencies:   
LBB Staff:         JK, RB, WM