Bill: SB 288, 87(R) - 2021

Committee

Senate Finance

2nd Chamber Committee

House Pensions, Investments, & Financial Services

Vote Recommendation

Vote Recommendation Economic Freedom Property Rights Personal Responsibility Limited Government Individual Liberty
Neutral Neutral Neutral Neutral Neutral Neutral

Author(s)

Kel Seliger

Co-Author(s)

César J Blanco
Dawn Buckingham
Eddie Lucio Jr.
Angela Paxton
Charles Schwertner
Drew Springer
Judith Zaffirini

Sponsor(s)

Alma A. Allen
Rafael Anchia
Jay Dean
Claudia Ordaz perez
Gene Wu

Bill Caption

Relating to preventing the loss of benefits by certain retirees of the Teacher Retirement System of Texas who resume service.

Fiscal Notes

No significant fiscal implication to the State is anticipated.


Bill Analysis

SB 288 would provide a warning to a TRS retiree who violates the employment-after-retirement provision. If the retiree violates again, the retiree's pension annuity is reduced to an amount equal to the amount the retiree earned over the allowed number of hours. The retiree would be required to pay back to TRS the amount for the benefits they received while violating the employment-after-retirement provision.

Vote Recommendation Notes

As SB 288 does not pertain to the liberty principles, Texas Action is neutral on this bill. The employment-after-retirement rules are complicated and likely easily violated unintentionally. Offering a warning and reasonably limiting the penalty for violating the rules seems appropriate. 


Source URL (retrieved on 03/28/2024 04:03 PM): http://reports.texasaction.com/bill/87r/sb288?print_view=true