| TO: | Honorable Craig Eiland, Chair, House Committee on Pensions & Investments |
| FROM: | John S. O'Brien, Deputy Director, Legislative Budget Board |
| IN RE: | HB1621 by Alonzo (Relating to a study and report concerning predicted faculty retirement at general academic teaching institutions.), As Introduced |
HB 1621 would require each general academic institution to prepare a report addressing the predicted retirement of a growing portion of university faculty in the coming years, and methods that the institution could reasonably implement to address those retirement issues through recruitment of new faculty members or other means.
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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