LEGISLATIVE BUDGET BOARD
Austin, Texas
 
ACTUARIAL IMPACT STATEMENT
 
78TH LEGISLATIVE REGULAR SESSION
 
April 14, 2003

TO:
Honorable Frank Madla, Chair, Senate Committee on Intergovernmental Relations
 
FROM:
John Keel, Director, Legislative Budget Board
 
IN RE:
SB1658 by Madla (Relating to the administration of retirement systems for paid, partly paid, or volunteer fire fighters.), As Introduced


HB2561 amends Section 2 of the Texas Local Fire Fighters Retirement Act by adding definitions of "Accrued Benefit" and "Vested Accrued Benefit." The bill also clarifies a member's right to receive a vested accrued benefit. The bill, if enacted, is not anticipated to have a significant actuarial impact since the definitions may be viewed as clarifications of current statute.



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