Honorable Joan Huffman, Chair, Senate Committee on State Affairs
FROM:
Ursula Parks, Director, Legislative Budget Board
IN RE:
SB1663 by Huffman (Relating to contributions to, benefits from, late fees imposed by, and the administration of systems and programs administered by the Teacher Retirement System of Texas.), As Introduced
No significant fiscal implication to the State is anticipated.
The bill would amend the Government Code to make numerous changes related to retirement contributions, benefits, late fees, reporting requirements, and administration of systems and programs administered by TRS. Certain provisions of the bill would affect the benefits, contributions, and membership terms of employees who are members of the Teacher Retirement System. TRS indicates that the provisions of the bill could be absorbed within existing resources.
Local Government Impact
No significant fiscal implication to units of local government is anticipated.