HBA-SEB H.B. 3350 76(R)    BILL ANALYSIS


Office of House Bill AnalysisH.B. 3350
By: Turner, Bob
Pensions and Investments
4/1/1999
Introduced



BACKGROUND AND PURPOSE 

Currently, state law does not require the Employees Retirement System of
Texas (ERS) to issue refunds of contributions to its members within any
particular time period, nor does it require ERS to track the amount of time
it takes to process a contribution refund.  H.B. 3350 requires ERS to track
and compile information concerning all applications for withdrawal of
contributions from the time an application is made until a warrant for a
refund is issued.  It also requires a statistical analysis of that
information to be contained in an annual report that is submitted to the
governor, lieutenant governor, speaker of the house of representatives,
executive director of the State Pension Review Board, the appropriate
oversight committees of the house and senate, and the Legislative Budget
Board.   

RULEMAKING AUTHORITY

It is the opinion of the Office of House Bill Analysis that this bill does
not expressly delegate any additional rulemaking authority to a state
officer, department, agency, or institution. 

SECTION BY SECTION ANALYSIS

SECTION 1.  Amends Section 812.102, Government Code, to require the
Employees Retirement System of Texas (ERS) to adopt procedures to track and
compile information of all applications filed under this section (Procedure
for Withdrawal) from the time an application for a withdrawal of
contributions is made until any warrant for a refund is issued by ERS.   

SECTION 2.  Amends Section 815.510(a), Government Code, to require an
annual report submitted by ERS to specific government officials and
agencies to include a statistical analysis based on information compiled
under Section 813.102.  Makes a conforming change. 

SECTION 3.  Effective date: September 1, 1999.

SECTION 4.  Emergency clause.