Bill > HB2163

This bill modifies benefits for members of the Teacher Retirement System of Texas by introducing two key changes: a one-time 10 percent adjustment to monthly retirement, disability, and death benefits, and an annual 4 percent cost-of-living adjustment starting January 1st of each year. Additionally, the bill provides for a supplemental payment to eligible annuitants in January 2026, which will be the greater of $2,000 or the gross amount of their December 2025 regular annuity payment. To be eligible for this supplemental payment, annuitants must have been receiving certain types of retirement or survivor benefits as of December 2025, with specific conditions regarding the effective date of retirement or date of death (which must be before September 1, 2024). The bill excludes certain specific types of disability and survivor benefits from the supplemental payment and gives the Teacher Retirement System's board of trustees discretion in determining payment details. The changes to benefits and the supplemental payment will take effect on September 1, 2025, and are designed to provide financial support to retired teachers and their beneficiaries by increasing their monthly benefits and offering a one-time additional payment.

Labor and Employment

https://capitol.texas.gov/BillLookup/History.aspx?LegSess=89R&Bill=HB2163