| TO: | Honorable Vicki Truitt, Chair, House Committee on Pensions & Investments |
| FROM: | John S. O'Brien, Director, Legislative Budget Board |
| IN RE: | HB613 by Quintanilla (Relating to the composition of the board of trustees of the Employees Retirement System of Texas.), As Introduced |
HB 613 stipulates that one of the elected trustees for the Employees Retirement Fund must be a retiree. The bill, if enacted, would have no material actuarial effect because it does not propose to change the funding or obligations of any public retirement system.
| Source Agencies: | 338 Pension Review Board
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| LBB Staff: | JOB, WM
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