| TO: | Honorable Allan Ritter, Chair, House Committee on Pensions & Investments |
| FROM: | John Keel, Director, Legislative Budget Board |
| IN RE: | HB2169 by Telford (Relating to the payment of retirement benefits to retirees who are employed by certain public educational institutions.), As Introduced |
No significant fiscal implication to the State is anticipated.
The bill would specify that a retired teacher who is hired by a “third-party entity” retained by a Texas public educational institution to provide personnel to the institution will not be entitled to service or disability retirement benefit payments for any month in which the retiree provides services for the benefit of that institution. The bill would define a third-party entity as one that is retained by a public educational institution (i.e. public school districts, colleges, universities). Under the bill, certain Teacher Retirement System (TRS) retirees employed by certain third-party entities would not receive their monthly retirement benefits payment for any month the retiree was employed by the third-party entity. The bill could result in savings to the TRS retirement fund. These savings would depend on the extent of retirement benefits associated with TRS retirees who are employed by third-party entities.
| Source Agencies: | 304 Comptroller of Public Accounts, 323 Teacher Retirement System
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| LBB Staff: | JK, JO, RR, UP, RN
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