| TO: | Honorable Bill Callegari, Chair, House Committee on Pensions |
| FROM: | Ursula Parks, Director, Legislative Budget Board |
| IN RE: | HB2081 by Thompson, Senfronia (Relating to the exemption of certain property from seizure by creditors.), As Introduced |
HB 2081 would amend the Property Code by expanding the exemption from seizure by creditors provision for certain savings plans to include Roth IRA and inherited Roth IRA.
The bill, if enacted, will not have an actuarial effect on any public retirement system because it does not propose to change the benefit structure, funding or obligations of the public retirement systems.
| Source Agencies: | 338 Pension Review Board
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| LBB Staff: | UP, WM
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