TO: | Honorable Royce West, Chair, Senate Committee on Intergovernmental Relations |
FROM: | John S. O'Brien, Director, Legislative Budget Board |
IN RE: | SB976 by Brimer (Relating to the public retirement system of certain municipalities.), As Introduced |
SB 976 would amend
Based on the provisions of the bill, the Fort Worth Employees’ Retirement Fund would qualify under Article 6243(i). According to the retirement fund, 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 and is administrative in nature only.
SOURCES:
Email correspondence from Executive Director of Fort Worth Employees’ Retirement Fund, Ruth Ryerson, March 20, 2007.
Source Agencies: | 338 Pension Review Board
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LBB Staff: | JOB, WM
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