Honorable Stan Lambert, Chair, House Committee on Pensions, Investments & Financial Services
FROM:
Jerry McGinty, Director, Legislative Budget Board
IN RE:
HB245 by Wilson (relating to the treatment of military service credit in the Employees Retirement System of Texas as law enforcement or custodial officer service.), Committee Report 1st House, Substituted
The fiscal implications of the bill cannot be determined due to the lack of data regarding how many members would be affected and how much additional military service would be purchased as a result of the provisions of the bill.
The bill would amend the Government Code to allow certain military service to be creditable as law enforcement or custodial officer service for the Law Enforcement and Custodial Officer Supplemental Retirement Program (LECOS). The member cost to purchase law enforcement or custodial officer service would be based on the amount the member contributed for the first full month of membership as a law enforcement or custodial officer that is after the member's date of release from active military duty.
The fiscal impact of the bill cannot be determined because it is unknown how many members of LECOS would be affected and how much military service would be purchased under the provisions of the bill.
Local Government Impact
No significant fiscal implication to units of local government is anticipated.