** REVISION **
SENATE
NOTICE OF PUBLIC HEARING
COMMITTEE:
State Affairs
TIME & DATE:
10:00 AM, Thursday, November 20, 2008
PLACE:
E1.012 (Hearing Room)
CHAIR:
Senator Robert Duncan
The Senate Committee on State Affairs will meet to hear invited and public
testimony regarding the following Interim Charges:
 
Charge 10: Analyze the advantages and disadvantages of phasing in a
defined-contribution pension for future employees versus the existing
defined-benefit pension plan.  Study options for transition or
implementation issues and how the phase-in could be structured.  Evaluate
the possibility of requiring the state employee contribution rate to meet
the annually required contribution for the statewide retirement funds each
biennium in order to prevent unfunded liabilities.
 
Charge 14: Monitor the implementation of legislation addressed by the
State Affairs Committee, 80th Legislature, Regular Session, and make
recommendations for any legislation needed to improve, enhance, and/or
complete implementation.  In particular, monitor and report on the effect
of HB 2365, which allows public entities to report "other post employment
benefits" (OPEBs) on a statutory modified accrual basis, including any
effect on auditor opinions, bond ratings, or other fiscal issues.
 
The Committee will also hear invited testimony from the Teacher Retirement
System, Employees Retirement System and Texas Municipal Retirement System
as part of the State Affairs Committee's general oversight authority.
 
 
** See Committee Coordinator for previous versions of the schedule **