TO: | Honorable Robert Duncan, Chair, Senate Committee on State Affairs |
FROM: | John S. O'Brien, Director, Legislative Budget Board |
IN RE: | HB2799 by McClendon (Relating to the applicability of the Texas Local Fire Fighters Retirement Act.), As Engrossed |
HB 2799 would amend the Texas Local Fire Fighters Retirement Act (TLFFRA) to allow for a political subdivision with both paid and volunteer members to establish a retirement fund under the provisions of TLFFRA. The provisions of the bill would allow for a political subdivision’s volunteer fire fighters to be members of the Texas Statewide Emergency Services Retirement System, with the paid fire fighters falling under the provisions of TLFFRA. The bill, if enacted, would have no 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, KJG, WM
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