TO: | Honorable Royce West, Chair, Senate Committee on Intergovernmental Relations |
FROM: | John S. O'Brien, Director, Legislative Budget Board |
IN RE: | SB1778 by Wentworth (Relating to the administration of a retirement health care plan for firefighters and police officers in certain municipalities.), Committee Report 1st House, Substituted |
CSHB 2751 would change the statutes governing the San Antonio Fire and Police Retiree Health Plan. The bill would increase the contribution rates to the fund by the city of
The bill, if enacted, would increase both city and employee contributions to the plan and result in reductions in benefits. Thus, the proposal would have a positive actuarial impact on the plan. Since the plan is a post-retirement health care benefit plan, and not a pension or retirement income plan, it is not within the purview of the Pension Review Board (PRB). Therefore, the PRB is unable to perform an actuarial review of the bill. The bill does not propose to change the funding or obligations of any public retirement system.
SOURCES:
Actuarial Analysis by Robert M. May, Actuary, Rudd and Wisdom, Inc., March 26, 2007
Source Agencies: | 338 Pension Review Board
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LBB Staff: | JOB, KJG, WM
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