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TX HB548

TX HB548
Relating to a supplemental payment for retirees of the Employees Retirement System of Texas.


summary

Introduced
11/14/2022
In Committee
02/23/2023
Crossed Over
Passed
Dead
05/29/2023

Introduced Session

88th Legislature Regular Session

Bill Summary

Relating to a supplemental payment for retirees of the Employees Retirement System of Texas.

AI Summary

This bill provides for a one-time supplemental payment to retirees of the Employees Retirement System of Texas in January 2024. The payment will be the lesser of $2,000 or the amount of the retiree's regular monthly annuity payment for December 2023. To be eligible, the retiree must have retired on or before September 1, 2022 and be receiving a standard retirement, optional service retirement, disability retirement, death benefit, or alternate payee annuity payment. The payment is subject to the availability of appropriated funds and must comply with relevant government code provisions.

Committee Categories

Labor and Employment

Sponsors (1)

Last Action

Referred to Pensions, Investments & Financial Services (on 02/23/2023)

bill text


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