| TO: | Honorable Craig Eiland, Chair, House Committee on Pensions & Investments |
| FROM: | John S. O'Brien, Deputy Director, Legislative Budget Board |
| IN RE: | HB1420 by Phillips (Relating to the release of certain information by the Teacher Retirement System of Texas to associations of retired school employees; providing a civil penalty.), As Introduced |
Current statute precludes the Teacher Retirement System (TRS) from creating a membership list for dissemination unless it is for the purpose of administering the system. The bill would allow TRS to provide such a list to a non-profit organization, with certain limitations and restrictions. 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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