In response to your request for an Actuarial Impact Statement on HB 755 (relating to eligibility of certain dependents for coverage under the state employee group benefits program) the Pension Review Board (PRB) has determined the following:

The proposed legislation would expand the definition of covered dependents for the Texas Employees Group Benefits Program (GBP) administered by the Employees Retirement System of Texas (ERS). Currently, a child at least 25 years old has to be enrolled as a participant in the GBP on the child’s 25th birthday in order to obtain the dependent coverage. The proposed legislation expands the eligibility criteria by allowing an eligible dependent, a child at least 25 years old, to participate in the state employee GBP even if the dependent was covered under a different group benefits program or was continuing that dependent coverage under COBRA on the date of becoming eligible to participate in the state employee GBP.

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 a public retirement system.