Honorable Robert Duncan, Chair, Senate Committee on State Affairs
John S O'Brien, Director, Legislative Budget Board
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.