LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 77th Regular Session
March 31, 2001
TO: Honorable Dale B. Tillery, Chair, House Committee on
Pensions & Investments
FROM: John Keel, Director, Legislative Budget Board
IN RE: HB2851 by Hupp (Relating to credit in the Texas County
and District Retirement System for military service.), As
Introduced
**************************************************************************
* No fiscal implication to the State is anticipated. *
**************************************************************************
Local Government Impact
The bill would allow members of Texas County and District Retirement
System (TCDRS) who are military retirees to use military service for
retirement eligibility purposes in those districts that choose to adopt
this provision. Currently up to 5 years of military service may be
purchased by active members with 10 years of TCDRS service, but only if
they do not qualify for federal retirement payments based on 20 years or
more of federal military duty.
The bill would only have a fiscal impact on those subdivisions that
choose to adopt this provision. It is anticipated by TCDRS that the
impact on most subdivisions would not be significant. The provision could
have a more significant fiscal impact for some of the smallest
districts, especially since the bill does not limit the number of years
of service the members can establish.
Source Agencies:
LBB Staff: JK, RB, WM