LEGISLATIVE BUDGET BOARD
Austin, Texas
 
FISCAL NOTE, 82ND LEGISLATIVE REGULAR SESSION
 
April 1, 2011

TO:
Honorable Robert Duncan, Chair, Senate Committee on State Affairs
 
FROM:
John S O'Brien, Director, Legislative Budget Board
 
IN RE:
SB1668 by Duncan (Relating to purchase of service credit in the Teacher Retirement System of Texas.), As Introduced

No significant fiscal implication to the State is anticipated.

According to the Teacher Retirement System, this bill would provide for a more efficient and uniform process to purchase retirement service credit, and would not increase the pension trust fund funding period beyond 30 years as required by statute.

Local Government Impact

No fiscal implication to units of local government is anticipated.


Source Agencies:
323 Teacher Retirement System
LBB Staff:
JOB, KJG, JGM, SD, JW