Honorable Rafael Anchia, Chair, House Committee on Pensions, Investments & Financial Services
FROM:
Jerry McGinty, Director, Legislative Budget Board
IN RE:
HB3929 by Bernal (relating to the loss of benefits of and the payment of certain employer contributions for certain retirees of the Teacher Retirement System of Texas who resume service.), Committee Report 1st House, Substituted
No significant fiscal implication to the State is anticipated.
The bill would amend Section 824.602(a), Government Code to state that the retirement system may not withhold a monthly benefit payment if the retiree is employed in a Texas public educational institution in a position on as much as a full-time basis that is necessary, as determined by the board of trustees, for implementing a special education program under Subchapter A, Chapter 29, Education Code.
The would amend Section 825.4092(e) to remove any employer surcharge for an employer located in an area covered by a disaster declaration and the relevant full-time work by a retiree working did not occur more than two school years after the school year in which the disaster was declared.
According to the actuarial impact statement provided by the Pension Review Board, the bill is unlikely to have a significant impact on the actuarial soundness of TRS.
Local Government Impact
The bill could provide a positive impact to reporting school districts who would not be required to pay certain fees under Government Code section 825.4092 for retirees employed in a position necessary, as determined by the board of trustees, for implementing a special education program under Subchapter A, Chapter 29, Education Code in certain instances of disaster declaration.