Honorable Rafael Anchia, Chair, House Committee on Pensions, Investments & Financial Services
FROM:
Jerry McGinty, Director, Legislative Budget Board
IN RE:
HB4534 by Gates (relating to a study by the Employees Retirement System of Texas of certain state retirement system reforms.), Committee Report 1st House, Substituted
No significant fiscal implication to the State is anticipated.
The bill would require the Employees Retirement System (ERS) to conduct a study of the impact of adopting certain changes to the state's employee retirement system. The report would be completed by September 1, 2022. According to ERS, no significant fiscal impact to the state is anticipated.
Local Government Impact
No significant fiscal implication to units of local government is anticipated.