LEGISLATIVE BUDGET BOARD

Austin, Texas

FISCAL NOTE, 86TH LEGISLATIVE REGULAR SESSION

April 30, 2019

TO:	Honorable Jim Murphy, Chair, House Committee on Pensions, Investments & Financial Services
FROM:	John McGeady, Assistant Director     Sarah Keyton, Assistant Director Legislative Budget Board
IN RE:	HB2657 by Flynn (Relating to the funding soundness restoration plans required for certain public retirement systems.), As Introduced

No fiscal implication to the State is anticipated.

Local Government Impact

The Texas Association of Counties and Texas Municipal Retirement System do not anticipate a fiscal impact from the bill.

The Texas Municipal League does not anticipate a significant fiscal impact to cities.

Source Agencies:

323 Teacher Retirement System, 327 Employees Retirement System, 338 Pension Review Board

LBB Staff:

WP, CMa, NV, KFB, ASa