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Bill > HB2795
TX HB2795
TX HB2795Relating to a one-time supplemental annuity payment to certain retirees and beneficiaries of the Teacher Retirement System of Texas.
summary
Introduced
02/28/2019
02/28/2019
In Committee
03/12/2019
03/12/2019
Crossed Over
Passed
Dead
05/27/2019
05/27/2019
Introduced Session
86th Legislature Regular Session
Bill Summary
Relating to a one-time supplemental annuity payment to certain retirees and beneficiaries of the Teacher Retirement System of Texas.
AI Summary
This bill allows the Teacher Retirement System of Texas to make a one-time supplemental annuity payment to certain eligible retirees and beneficiaries. The payment would be made using earnings from the system's investments when the actual rate of return exceeds the assumed rate of return. The bill outlines the criteria the system must use to determine eligibility and the amount of each payment. The supplemental payment provision expires two years after the payment is made.
Committee Categories
Labor and Employment
Sponsors (2)
Last Action
Referred to Pensions, Investments & Financial Services (on 03/12/2019)
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://capitol.texas.gov/BillLookup/History.aspx?LegSess=86R&Bill=HB2795 |
| BillText | https://capitol.texas.gov/tlodocs/86R/billtext/html/HB02795I.htm |
| Bill | https://capitol.texas.gov/tlodocs/86R/billtext/pdf/HB02795I.pdf |
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