LEGISLATIVE BUDGET BOARD
Austin, Texas
 
ACTUARIAL IMPACT STATEMENT
 
80TH LEGISLATIVE REGULAR SESSION
 
May 11, 2007

TO:
Honorable Robert Duncan, Chair, Senate Committee on State Affairs
 
FROM:
John S. O'Brien, Director, Legislative Budget Board
 
IN RE:
HB2190 by Truitt (Relating to eligibility to serve as the executive director of the Teacher Retirement System of Texas.), As Engrossed

HB 2190 would remove the requirement that to serve as executive director of the Teacher Retirement System, a person must be a resident of the state for the three years preceding the person’s appointment. The bill, if enacted, would not have a significant actuarial effect because it does not propose to change the funding or obligations of any public retirement system.



Source Agencies:
338 Pension Review Board
LBB Staff:
JOB, KJG, WM