| TO: | Honorable Vicki Truitt, Chair, House Committee on Pensions, Investments & Financial Services |
| FROM: | John S O'Brien, Director, Legislative Budget Board |
| IN RE: | HB1606 by Guillen (Relating to the designation of a qualified transportation benefit as a supplemental optional benefits program for state employees by the Employees Retirement System of Texas.), As Introduced |
HB 1606 would amend Section 659.102 of the Government Code by requiring Employee Retirement System of Texas (ERS) to offer a qualified transportation benefit as a supplemental optional benefit program for state employees.
The proposed bill, if enacted, would 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.
| Source Agencies: | 338 Pension Review Board
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| LBB Staff: | JOB, WM, KJG
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