SRC-JLB S.B. 1658 78(R)   BILL ANALYSIS


Senate Research Center   S.B. 1658
78R5627 TBy: Madla
Intergovernmental Relations
3/24/2003
As Filed


DIGEST AND PURPOSE 

The legislative committee of the Texas Local Fire Fighters' Retirement Act
invited local board members, staff, actuaries, and general counsel to
propose certain amendments to said Act. 
As proposed, S.B. 1658 defines "accrued benefit" and "vested accrued
benefit" while clarifying that, for purposes of determining a vested
accrued benefit, the determination date will be the date before an
addition or change is adopted. 

RULEMAKING AUTHORITY

This bill does not expressly grant any additional rulemaking authority to
a state officer, institution, or agency. 

SECTION BY SECTION ANALYSIS

SECTION 1.  Amends Section 2, Texas Local Fire Fighters Retirement Act
(Article 6243e, V.T.C.S.), to define "accrued benefit" and "vested accrued
benefit." 

[Bill as drafted does not supply a full citation, but the following
subsection is located in Section 7, Article 6243e, V.T.C.S.  The
subsection is amended as follows:]  
 
(e)  Prohibits an addition or change adopted under this section from,
without the member's written consent, depriving a member of the retirement
system of a right to receive a vested accrued benefit.  Provides that for
purposes of determining such vested accrued benefit, the determination
date will be the day before an addition or change is adopted. 

SECTION 2.  Effective date:  September 1, 2003.