HB 1416

85(R) - 2017
House Pensions
House Pensions
Life & Annuities Insurance
Retirement systems

Vote Recommendation

  • Neutral
  • Neutral
  • Neutral
  • Neutral
  • Neutral


Phil Stephenson

Bill Caption

Relating to authorizing public retirement systems to study the cost-effectiveness and feasibility of implementing certain pension revenue enhancement strategies.

Fiscal Notes

No significant fiscal implication to the State is anticipated.

Bill Analysis

HB 1416 would allow the governing body of a public retirement system to conduct a study to evaluate the cost-effectiveness and feasibility of implementing fund-creation strategies. A written report of this study shall be submitted to the legislature and the related committees, and this act will expire on December 31, 2018. 

Vote Recommendation Notes

Numerous public pensions in Texas are in trouble and face serious sustainability problems due to being defined benefit programs that are underfunded and overgenerous. This study does not affect our principles and we remain neutral, however we recommend any study designed to shore up public pensions include transition to a defined contribution plan for newly enrolled members as part of the study.