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Bill > HB1201
TX HB1201
TX HB1201Relating to a cost-of-living adjustment applicable to certain benefits paid by the Teacher Retirement System of Texas.
summary
Introduced
01/06/2023
01/06/2023
In Committee
03/03/2023
03/03/2023
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 add a one-time cost-of-living adjustment to certain benefits paid by the Teacher Retirement System of Texas. The adjustment would be applicable to retirees and beneficiaries receiving standard or optional service or disability retirement annuities, survivor annuities, and alternate payee annuities, provided they meet certain eligibility criteria related to the effective date of their retirement or the member's death. The adjustment would be limited to the lesser of 3% of the monthly benefit or $100 per month, and it would take effect starting in September 2023.
Committee Categories
Labor and Employment
Sponsors (1)
Last Action
Referred to Pensions, Investments & Financial Services (on 03/03/2023)
Taxonomy
Education
- ‐ General Education
Labor and Employment
- ‐ Employee Benefits
bill text
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=HB1201 | 01/06/2023 |
| BillText | https://capitol.texas.gov/tlodocs/88R/billtext/html/HB01201I.htm | 01/06/2023 |
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