| TO: | Honorable Bill Callegari, Chair, House Committee On Pensions |
| FROM: | Ursula Parks, Director, Legislative Budget Board |
| IN RE: | HB1804 by Callegari (Relating to the authority of political subdivisions to offer certain deferred compensation plans to employees.), As Introduced |
HB 1804 would allow political subdivisions of the state to establish a qualified Roth contribution program in accordance with Internal Revenue Code. The bill, if enacted, will not have a 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
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| LBB Staff: | UP, WM
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