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TX SB109
TX SB109Relating 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
02/15/2023
02/15/2023
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 proposes to provide a one-time cost-of-living adjustment to certain annuitants receiving benefits from the Teacher Retirement System of Texas. The adjustment would apply to retirees, beneficiaries, and alternate payees whose retirement or death occurred between August 31, 2010, and August 31, 2023, with some exceptions. The adjustment would be limited to the lesser of 3% of the monthly benefit or $100 per month, and would be effective starting September 2023. The bill would take immediate effect if it receives two-thirds of the votes in each legislative chamber, or otherwise take effect on September 1, 2023.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
Referred to Finance (on 02/15/2023)
Taxonomy
Labor and Employment
- ‐ Employee Benefits
Social Welfare
- ‐ Retirement Issues
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=SB109 | 11/15/2022 |
| BillText | https://capitol.texas.gov/tlodocs/88R/billtext/html/SB00109I.htm | 11/15/2022 |
| Bill | https://capitol.texas.gov/tlodocs/88R/billtext/pdf/SB00109I.pdf | 11/15/2022 |
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