Bill > HB886

This bill provides a one-time supplemental retirement benefit payment for eligible members of the Employees Retirement System of Texas (ERS), to be made in January 2026. The supplemental payment will be equal to the lesser of $2,000 or the gross amount of the recipient's regular December 2025 annuity payment. To be eligible, an individual must be receiving certain types of annuity payments in December 2025, including standard retirement, disability retirement, death benefit, or alternate payee payments. Specific eligibility requirements include having a retirement effective date on or before September 1, 2024. The payment is not applicable to certain elected class memberships and specific types of survivor benefits. The supplemental payment will be subject to standard tax withholdings and is additional to the regular monthly annuity. Critically, the payment is contingent on the legislature appropriating sufficient funds to cover the cost without increasing the retirement system's unfunded actuarial liabilities. If adequate funding is not secured, the supplemental payment will not be made. The bill is set to take effect on September 1, 2025, providing a mechanism for a one-time financial boost to eligible ERS retirees and beneficiaries.

Labor and Employment

https://capitol.texas.gov/BillLookup/History.aspx?LegSess=89R&Bill=HB886