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