HB 3125 as engrossed would allow a retired employee who returns to work in a position eligible for participation in the Optional Retirement Plan (ORP) to have contributions remitted on their behalf. The contribution must comply with rules adopted by the Texas Higher Education Coordinating Board. The bill would also affect regulation of investment advisors for ORP.

The Employees Retirement System stated that there would be minimal impact on ERS unless there is an increase in proportionate retirements using ERS and ORP. The Teacher Retirement System stated the bill would have no significant fiscal impact on TRS. There will be some tendency for faculty members of TRS to retire earlier than they otherwise would have and return to work. This will increase experience losses, which will have an actuarial impact, though probably not a significant one.