| TO: | Honorable Vicki Truitt, Chair, House Committee on Pensions, Investments & Financial Services |
| FROM: | John S O'Brien, Director, Legislative Budget Board |
| IN RE: | HB551 by Christian (Relating to the eligibility of members of the State Board of Education to participate in a state employees group benefits program.), As Introduced |
In response to your request for an Actuarial Impact Statement on HB 551 (relating to the eligibility of members of the State Board of Education to participate in a state employees group benefits program) the Pension Review Board (PRB) has determined the following:
The proposed legislation would allow for the members of the State Board of Education to be eligible to participate in the group benefits program as provided under the Insurance Code, Chapter 1551, called the Texas Employees Group Benefits Act.
The proposed bill, if enacted, will not have an actuarial impact on the retirement funds administered by ERS because it does not propose to change the funding or obligations of the public retirement system.
| Source Agencies: | 338 Pension Review Board
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| LBB Staff: | JOB, WM
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