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