LEGISLATIVE BUDGET BOARD
Austin, Texas
 
FISCAL NOTE, 78TH LEGISLATIVE REGULAR SESSION
 
April 5, 2003

TO:
Honorable Allan Ritter, Chair, House Committee on Pensions & Investments
 
FROM:
John Keel, Director, Legislative Budget Board
 
IN RE:
HB3237 by Smith, Todd (Relating to return-to-work provisions for retirees of the Teachers Retirement System of Texas.), As Introduced

No fiscal implication to the State is anticipated.


The bill would restrict the total time worked by a retired Teacher Retirement System (TRS) member in a public school to one-half time for a month before a TRS benefit payment for that month is withheld.  This is the same maximum allowed in current law.  The bill merely clarifies that a combination of both substitute work and part-time work can qualify, so long as it does not exceed one-half time employment in the month.


Local Government Impact

No fiscal implication to units of local government is anticipated.


Source Agencies:
323 Teacher Retirement System
LBB Staff:
JK, RR, UP, RN