TO: | Honorable Craig Eiland, Chair, House Committee on Pensions & Investments |
FROM: | John S. O'Brien, Deputy Director, Legislative Budget Board |
IN RE: | HB1594 by McClendon (Relating to the composition of the board of trustees of the Employees Retirement System of Texas.), As Introduced |
HB 1594 would require that two positions on the board of the Employees Retirement System would come from the employee class and one position would be filled by a retiree. 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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