LEGISLATIVE BUDGET BOARD
Austin, Texas
 
FISCAL NOTE, 88TH LEGISLATIVE REGULAR SESSION
 
March 27, 2023

TO:
Honorable Joan Huffman, Chair, Senate Committee on Finance
 
FROM:
Jerry McGinty, Director, Legislative Budget Board
 
IN RE:
SB1509 by Huffman (Relating to the service retirement eligibility and benefits of certain members of the Employees Retirement System of Texas.), As Introduced

No significant fiscal implication to the State is anticipated.

The bill would repeal Section 814.109 of the Government Code which allows members of the Employees Retirement System to retire without separating from a position if the member is 60 years or older and has reached the maximum annuity permitted.  No significant impact is expected from implementing the provisions of the bill.

Local Government Impact

No fiscal implication to units of local government is anticipated.


Source Agencies:
327 Employees Retirement System
LBB Staff:
JMc, KK, LCO, JPO, MOc, NV