LEGISLATIVE BUDGET BOARD
Austin, Texas
 
FISCAL NOTE, 84TH LEGISLATIVE REGULAR SESSION
 
March 7, 2015

TO:
Honorable Dan Flynn, Chair, House Committee on Pensions
 
FROM:
Ursula Parks, Director, Legislative Budget Board
 
IN RE:
HB408 by Turner, Chris (Relating to the retirement benefits for certain elected state officials.), As Introduced

No significant fiscal implication to the State is anticipated.

The bill would amend the Government Code to prevent members of the elected class, other than district attorneys and criminal district attorneys, from transferring elected class service to the employee class to receive employee class retirement benefits until the member is no longer in office. The bill would not restrict the ability of elected class members to retire and receive benefits as an employee-class member while in office, if they are eligible to retire with their employee class service. The Employees Retirement System indicates that the bill would lead to a decrease in costs to the system; however, this amount is not anticipated to be significant. 

The bill would apply to elected class members that take office on or after the effective date and the bill would take effect immediately upon receiving a two-thirds vote; otherwise, it would take effect on September 1, 2015.


Local Government Impact

No fiscal implication to units of local government is anticipated.


Source Agencies:
327 Employees Retirement System
LBB Staff:
UP, AG, EP, EMo