Honorable Vicki Truitt, Chair, House Committee on Pensions & Investments
John S. O'Brien, Director, Legislative Budget Board
HB2664 by Truitt (Relating to audits of public retirement system actuarial valuations, studies, and reports.), As Introduced
HB 2664 would amend Chapter 802, Government Code, by adding a section requiring that the actuarial valuation, study and report of each public retirement system be audited once every five years by a qualified, independent actuary. The bill would require the Pension Review Board to adopt any rules necessary to implement this section. HB 2664 would not exempt the Employees Retirement System, Teacher Retirement System,
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.
338 Pension Review Board