Bill > HB206

This bill relates to a one-time supplemental payment of benefits under the Teacher Retirement System of Texas. The bill requires the Teacher Retirement System of Texas to make a one-time supplemental payment of up to $2,400 to eligible annuitants, including those receiving standard retirement annuity payments, optional retirement annuity payments, life annuity payments, or annuity payments for a guaranteed period. To be eligible, the annuitant's retirement or date of death must have occurred on or before specific dates. The supplemental payment is in addition to the regular monthly annuity payment and is subject to applicable tax withholding and other legally required deductions.