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No significant fiscal implication to the State is anticipated.
No fiscal implication to units of local government is anticipated.
The bill would amend chapters in the Government Code and Insurance Code.
The bill would make technical and administrative changes related the definitions of annual compensation and employees, membership requirements, refunds, out-of-state service credit, open meetings, and contributions from employers to TRS-Care, the retiree health benefit plan, due to the employment of retired return-to-work employees.
The bill would create a joint interim committee comprised of three members each of the Senate and the House of Representatives to study and propose reforms to the two healthcare plans (TRS-Care and TRS-ActiveCare) administered by the Teacher Retirement System of Texas. The joint interim committee would be required to examine and assess the financial soundness of the plans, the cost and affordability of plan coverage, and the sufficiency of access to physicians and health care providers. A report with recommendations would be due by January 15, 2017.
Since the bill is mostly administrative or clerical in nature and neither abridges nor advances our liberty principles, we remain neutral on HB 2974. However we note that the proposed interim study is a good idea that may lead to beneficial changes in the future.
The second chamber sponsor is Senator Huffman.