TO: | Honorable Vicki Truitt, Chair, House Committee on Pensions, Investments & Financial Services |
FROM: | John S O'Brien, Director, Legislative Budget Board |
IN RE: | HB3633 by Legler (Relating to participation in retirement programs by certain employees.), As Introduced |
The bill would amend Government Code by adding Section 418.041(b-1), which would allow the Chief of the Texas Division of Emergency Management, which is a division of the Department of Public Safety, to be eligible to participate in the Proportionate Retirement Program (PRP) under Chapter 803 of Government Code, regardless of which public retirement system that person had prior service established in and regardless of whether that retirement system participates in the PRP.
Implementation of the legislation is not expected to have a significant fiscal impact due to the fact that it only impacts one position. The bill would take effect September 1, 2011, or immediately with two-thirds vote of all members of the Legislature.
Source Agencies: | 325 Fire Fighters' Pension Commissioner, 405 Department of Public Safety
|
LBB Staff: | JOB, AG, MS, DEH
|