Bill > HB1086

This bill amends the Texas Government Code to provide a one-time 10 percent cost-of-living adjustment for certain retirement benefits paid by the Employees Retirement System of Texas (ERS). Specifically, the bill requires the ERS board of trustees to recompute monthly service retirement, disability retirement, and death benefits for retirees or beneficiaries in the employee class by increasing their monthly benefit amount by 10 percent. The adjustment will apply to monthly benefit payments made on or after September 1, 2025, which means retired state employees and their beneficiaries will see a permanent increase in their monthly retirement payments. The purpose of this bill appears to be to help retirees cope with inflation and rising living costs by providing a significant one-time boost to their retirement income. The bill will take effect on September 1, 2025, giving the ERS time to implement the changes to their benefit calculations.

Labor and Employment

https://capitol.texas.gov/BillLookup/History.aspx?LegSess=89R&Bill=HB1086