Supplement: TX SB1509 | 2023-2024 | 88th Legislature | Fiscal Note (Introduced)
For additional supplements on Texas SB1509 please see the Bill Drafting List
Bill Title: Relating to the service retirement eligibility and benefits of certain members of the Employees Retirement System of Texas.
Status: 2023-05-19 - Effective immediately [SB1509 Detail]
Download: Texas-2023-SB1509-Fiscal_Note_Introduced_.html
Bill Title: Relating to the service retirement eligibility and benefits of certain members of the Employees Retirement System of Texas.
Status: 2023-05-19 - Effective immediately [SB1509 Detail]
Download: Texas-2023-SB1509-Fiscal_Note_Introduced_.html
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: b > td > | 327 Employees Retirement System |
LBB Staff: b > td > | JMc, KK, LCO, JPO, MOc, NV |