Honorable Vicki Truitt, Chair, House Committee on Pensions & Investments
John S. O'Brien, Director, Legislative Budget Board
SB1913 by Shapleigh (Relating to employer contributions for certain retirees under the Teacher Retirement System of Texas who are employed by a school district affected by base realignment and closure.), As Engrossed
The bill would exempt a school district required to expand classroom facilities as a result of the Department of Defense base realignment and closure process from payment of pension and insurance surcharge amounts to the Teacher Retirement System of Texas (TRS) on behalf of retired TRS members who return to work in public schools.
The bill would result in a loss of revenue to the TRS Retirement Trust Fund and the TRS-Care, Retired School Employees Group Insurance Trust Fund. Associated losses are not estimated to be significant.
The exemption provided by the bill would result in a savings to school districts affected by base realignment and closure that opt to employ TRS retirees in TRS-covered positions.
323 Teacher Retirement System
JOB, KJG, UP, JSc