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A BILL TO BE ENTITLED
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AN ACT
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relating to a study on the long-term funding structure of the |
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retired school employees group insurance fund. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. (a) In this section: |
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(1) "Fund" means the retired school employees group |
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insurance fund. |
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(2) "Trustee" means the Teacher Retirement System of |
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Texas. |
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(b) The trustee shall conduct a study on the long-term |
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funding structure of the fund. The study must: |
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(1) evaluate projected long-term payments into the |
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fund under Section 1575.302, Insurance Code; and |
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(2) research potential alternative sources of |
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payments or contributions to the fund. |
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(c) Not later than December 1, 2022, the trustee shall |
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submit to the governor, the lieutenant governor, the speaker of the |
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house of representatives, and the standing committees of the |
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legislature with primary jurisdiction over the trustee a written |
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report that includes the results of the study conducted under |
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Subsection (b) of this section and the trustee's recommendations |
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for legislative or other action based on the study. |
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(d) This section expires September 1, 2023. |
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SECTION 2. This Act takes effect September 1, 2021. |