LEGISLATIVE BUDGET BOARD
Austin, Texas
 
ACTUARIAL IMPACT STATEMENT
 
84TH LEGISLATIVE REGULAR SESSION
 
March 2, 2015

TO:
Honorable Dan Flynn, Chair, House Committee on Pensions
 
FROM:
Ursula Parks, Director, Legislative Budget Board
 
IN RE:
HB442 by Gonzales, Larry (Relating to assignment of certain death benefits payable by the Employees Retirement System of Texas.), As Introduced

The bill would amend Chapter 814 of the Government Code, affecting death benefits paid after January 1, 2016 by the Employees Retirement System (ERS). It would allow a beneficiary receiving either the member or retiree death benefit payments to assign part or the entire amount to be paid directly to a funeral director or a licensed funeral establishment in lieu of their services provided in connection with the death of the member or retiree.

 

The bill, if enacted, would not have an actuarial effect on the retirement funds administered by ERS because it does not propose to change the benefit structure, funding or obligations of the public retirement system.



Source Agencies:
338 Pension Review Board
LBB Staff:
UP, EP, EMo