LEGISLATIVE BUDGET BOARD
Austin, Texas
 
ACTUARIAL IMPACT STATEMENT
 
78TH LEGISLATIVE REGULAR SESSION
 
May 24, 2003

TO:
Honorable Allan Ritter, Chair, House Committee on Pensions & Investments
 
FROM:
John Keel, Director, Legislative Budget Board
 
IN RE:
HB2644 by Bailey (Relating to the composition of the board of trustees of the Teacher Retirement System of Texas.), As Introduced


HB2644 amends Section 825.002 of the Government Code to define the appointment and election procedures for trustees of the Teacher Retirement System. The bill, if enacted, will have no actuarial effect because it does not propose to change the funding or obligations of any public retirement system.



Source Agencies:
338 Pension Review Board
LBB Staff:
JK, WM