HB 2568 makes several changes impacting the administration of the Teacher Retirement System (TRS). The bill would disqualify an employee of a home-rule school district from membership in TRS, define TRS as a public entity, allow TRS to limit the amount of annual contributions that may be used for purchase of service credit, exempt TRS from Chapter 412 of Labor Code and allow TRS to acquire the services described therein in any manner that the TRS Board deems reasonable, as well as amend other sections of Government, Insurance and the Education Code. According to the TRS actuary, none of the changes proposed in HB 2568 make material changes to the benefit or contribution provisions of the TRS pension fund.

The bill, if enacted, will have no material actuarial effect because it does not propose to change the funding or obligations of any public retirement system.