TO: | Honorable Robert Duncan, Chair, Senate Committee on State Affairs |
FROM: | John S. O'Brien, Director, Legislative Budget Board |
IN RE: | SB1877 by Averitt (Relating to the determination of compensation under the Teacher Retirement System of Texas.), As Introduced |
The bill would clarify that monetary awards authorized under Texas Education Code, Chapter 21, Subchapters N and O as compensation for service and amounts designated by an employee as health care compensation under Texas Education Code, Subchapter D, Chapter 22 are creditable as salary and wages in the determination of total compensation by the Teacher Retirement System (TRS).
The provisions of the bill would increase contributions to the TRS retirement trust fund; but those increases are not estimated to be significant.
Source Agencies: | 323 Teacher Retirement System
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LBB Staff: | JOB, KJG, UP, JSc
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