Bill > HB4491

This bill amends various provisions related to the Teacher Retirement System of Texas (TRS). The key provisions include: 1. Authorizing TRS to provide a one-time supplemental payment to eligible annuitants, subject to certain conditions related to the system's amortization period. 2. Modifying the rules around suspending annuity payments to retirees who resume employment, including providing exceptions for certain minor violations and circumstances beyond the retiree's control. 3. Allowing TRS retirees to work in certain positions for up to 90 days in a school year without having their annuity payments suspended, even if they exceed the usual one-half time basis limitation. 4. Expanding the state's contribution rate to the TRS-Care retiree health insurance program, increasing it from 1.25% of active employee salaries to a gradually rising rate that reaches 4.25% by the 2029 fiscal year. 5. Establishing a new deadline for members and retirees to appeal administrative decisions made by TRS employees, starting from the date they are notified of the decision.