LEGISLATIVE BUDGET BOARD
Austin, Texas
 
ACTUARIAL IMPACT STATEMENT
 
83RD LEGISLATIVE REGULAR SESSION
 
March 5, 2013

TO:
Honorable Bill Callegari, Chair, House Committee On Pensions
 
FROM:
Ursula Parks, Director, Legislative Budget Board
 
IN RE:
HB13 by Callegari (Relating to the State Pension Review Board and public retirement systems; authorizing a fee. ), Committee Report 1st House, Substituted

CSHB 13 would amend the Government Code, Chapters 801 and 802 and would provide for several changes relating to the Pension Review Board (the board) and reporting requirements of public retirement systems. The bill proposes to amend Chapter 801 of the Government Code (governing statute of the PRB) by adding Sections 801.209, 801.210, and 801.211. The bill further proposes to amend Chapter 802 of the Government Code (administrative requirements for public retirement systems) by amending Section 802.107 and adding Section 802.108. The provisions of the bill include the following.

 

The provisions of the bill would become effective immediately if it receives the required votes or if not, September 1, 2013.

 

The bill, if enacted, will not have a significant actuarial effect on any public retirement system because it does not propose to change their benefit structure, funding or obligations.

 



Source Agencies:
338 Pension Review Board
LBB Staff:
UP, WM