Bill > HB3206

This bill amends the Government Code to provide a one-time cost-of-living adjustment to certain annuitants receiving monthly death or retirement benefit annuities from the Teacher Retirement System of Texas. The adjustment is limited to the lesser of 6% of the monthly benefit or $100 per month, and applies to eligible retirees, beneficiaries, and alternate payees whose retirement or death occurred between September 1, 2004, and August 31, 2019. The bill outlines specific eligibility criteria and exclusions, and specifies that the adjustment will be effective beginning September 2021.