Honorable Vicki Truitt, Chair, House Committee on Pensions, Investments & Financial Services
FROM:
John S O'Brien, Director, Legislative Budget Board
IN RE:
HB3033 by Naishtat (Relating to retirement under public retirement systems for employees of certain municipalities.), As Introduced
No fiscal implication to the State is anticipated.
The provisions of the bill would only affect the City of Austin. The Texas Municipal Retirement System (TMRS) reported the City of Austin has its own pension system; therefore, no fiscal impact.
Local Government Impact
Because the bill would not have statewide impact on units of local government of the same type or class, no comment from this office is required by the rules of the House/Senate as to its probable fiscal implication on units of local government.