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TX HB332
TX HB332Relating to a cost-of-living adjustment applicable to certain benefits paid by the Teacher Retirement System of Texas.
summary
Introduced
11/14/2022
11/14/2022
In Committee
02/23/2023
02/23/2023
Crossed Over
Passed
Dead
05/29/2023
05/29/2023
Introduced Session
88th Legislature Regular Session
Bill Summary
Relating to a cost-of-living adjustment applicable to certain benefits paid by the Teacher Retirement System of Texas.
AI Summary
This bill amends the Government Code to provide a one-time cost-of-living adjustment for certain annuitants receiving monthly death or retirement benefits from the Teacher Retirement System of Texas. Eligible annuitants include retirees, beneficiaries, and alternate payees whose effective retirement or death date was between August 31, 2010 and August 31, 2023. The adjustment is limited to the lesser of 3% of the monthly benefit or $100 per month and will begin with benefits payable in September 2023. The bill also specifies certain annuities that are not eligible for the adjustment, such as those with statutorily fixed amounts.
Committee Categories
Labor and Employment
Sponsors (3)
Last Action
Referred to Pensions, Investments & Financial Services (on 02/23/2023)
Taxonomy
Education
- ‐ General Education
Labor and Employment
- ‐ Employee Benefits
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location | Created |
|---|---|---|
| State Bill Page | https://capitol.texas.gov/BillLookup/History.aspx?LegSess=88R&Bill=HB332 | 11/15/2022 |
| BillText | https://capitol.texas.gov/tlodocs/88R/billtext/html/HB00332I.htm | 11/17/2022 |
| Bill | https://capitol.texas.gov/tlodocs/88R/billtext/pdf/HB00332I.pdf | 11/17/2022 |
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