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:  HB2396  by Chavez (Relating to eligibility for retirement
               and benefits from the Texas County and District
               Retirement System.), 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 bill would permit participating subdivisions the option of choosing
an option where  retirement eligibility would occur at any age after 20
years of service. Currently retirement can occur at any age with 30 years
of service. There are some other retirement eligibility options the
subdivisions can choose from, such as age plus service equals 75, or 80.

The system prepared an analysis which shows the effect on four of the
participating counties. If these counties chose to adopt this provision,
their required increase in payroll contributions would range from a 0.23%
increase to a 0.54% increase; of the four only Harris county would face
increased costs of more than 0.3% of payroll. Only counties which choose
to adopt this option would face any increased costs.
  
  
Source Agencies:   
LBB Staff:         JK, RB, WM