LEGISLATIVE BUDGET BOARD

Austin, Texas

FISCAL NOTE, 79TH LEGISLATIVE REGULAR SESSION

March 18, 2005

TO:	Honorable Robert Duncan, Chair, Senate Committee on State Affairs
FROM:	John S. O'Brien, Deputy Director, Legislative Budget Board
IN RE:	SB554 by Duncan (Relating to the liability of an ERISA-regulated employee benefit plan under certain state law.), As Introduced

No fiscal implication to the State is anticipated.

This bill does not apply to employee benefit plans regulated under the Employee Retirement Income Security Act (ERISA) of 1974; therefore, it does not apply to the Employees Retirement System. 

Local Government Impact

No fiscal implication to units of local government is anticipated.

Source Agencies:

327 Employees Retirement System

LBB Staff:

JOB, SR, JW