| TO: | Honorable Craig Eiland, Chair, House Committee on Pensions & Investments |
| FROM: | John S. O'Brien, Deputy Director, Legislative Budget Board |
| IN RE: | HB70 by McClendon (Relating to the expedited payment of the lump-sum death benefit for members of the Employees Retirement System of Texas.), As Introduced |
HB 70 requires the Employees Retirement System Board to adopt procedures to provide payment of the death benefit within seven days of the date the board receives the required proof of death.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
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| LBB Staff: | JOB, WM
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