Bill > HB5627

This bill establishes the Texas Commission on Public School Teacher Retirement Funding Transparency, a seven-member commission appointed by the governor, lieutenant governor, and speaker of the house of representatives. The commission's primary purpose is to develop recommendations for improving the financial management of teacher retirement benefits, including how state contributions for teacher retirement should be incorporated into the Foundation School Program. Commission members will not receive compensation but can be reimbursed for expenses, and they will be supported administratively by the state agency, the Teacher Retirement System, and the comptroller's office. The commission is tasked with reviewing staffing incentives, ensuring uniform retirement obligations across public schools, and establishing employer contribution requirements to maintain the actuarial soundness of the Teacher Retirement System. By December 31, 2026, the commission must deliver a report to the governor and legislature recommending statutory changes based on their findings. The commission will be abolished on January 1, 2027, effectively making it a time-limited advisory body focused on improving the transparency and sustainability of teacher retirement funding in Texas.

Budget and Finance, Labor and Employment

https://capitol.texas.gov/BillLookup/History.aspx?LegSess=89R&Bill=HB5627