Subscribe to receive our Floor Reports covering all the action on the Texas House and Senate floor!
No significant fiscal implication to the State is anticipated.
No significant fiscal implication to units of local government is anticipated.
The bill would amend the Government Code to make certain technical changes relating to the Internal Revenue Code provisions applicable to the Teacher Retirement System of Texas (TRS). Additionally, the bill would make certain clarifying and administrative changes, including the audit of member records, correction of errors in finance and service credit, changes to post-retirement benefit options, transfer of assets, and limitations on purchase of non-qualified service credit.
Furthermore, the bill would allow the TRS board of trustees to accept gifts, and makes certain changes relating to the open meetings law applicable to the TRS board. The bill would make other changes, such as amending various definitions, pertaining to the TRS provisions in the Education Code and Insurance Code.
The purpose of this legislation is to clarify and update TRS statutory language regarding its health insurance programs. The updates are non-substantive in nature and would not reduce or expand government. Since SB 1939 neither abridges nor advances our liberty principles, we remain neutral.