TO:	Honorable Giovanni Capriglione, Chair, House Committee on Pensions, Investments & Financial Services
FROM:	Jerry McGinty, Director, Legislative Budget Board
IN RE:	HB2452 by Guillen (Relating to the effective date of retirement for certain members of the Teacher Retirement System of Texas.), As Introduced

The bill would change the effective date of retirement for classroom teachers to the month in which the school year ends. This would not apply for classroom teachers who would be unable to continue employment due to health reasons or who have a mutually agreed upon release from duties from a school district.
 
The Teacher Retirement System of Texas (TRS) would be required to adopt rules to implement the provisions of the bill as soon as possible after the bill's effective date.
 
The bill would take effect September 1, 2023.
 
According to TRS, the bill would have no actuarial impact on the retirement system.
 
SOURCES