Honorable Vicki Truitt, Chair, House Committee on Pensions & Investments
FROM:
John S. O'Brien, Director, Legislative Budget Board
IN RE:
HB1587 by Kuempel (Relating to participation and credit in, contributions to, and benefits and administration of the Texas County and District Retirement System.), Committee Report 1st House, Substituted
No fiscal implication to the State is anticipated.
The bill would amend and repeal sections of Subtitle F of Title 8, Government Code, which governs the Texas County and District Retirement System (TCDRS). Different segments of the bill would have different effective dates, including some portions taking effect September 1, 2007, although otherwise, the bill would take effect January 1, 2008.
Local Government Impact
No significant fiscal implication is anticipated for TCDRS or the participating local government entities.