Texas HB2163 increases retirement and death benefits for certain retirees and beneficiaries of the Teacher Retirement System of Texas.

HB2163 amends the Teacher Retirement System of Texas to increase monthly service retirement, disability retirement, and death benefits by a four percent annual cost-of-living adjustment. The board of trustees must recompute the benefit amount annually starting January 1. The bill also mandates a one-time 10 percent adjustment to benefits for eligible retirees and beneficiaries. A supplemental payment of at least $2,000 or the gross amount of the regular annuity payment for December 2025, whichever is greater, will be made in January 2026.

Texas HB2163 increases retirement and death benefits for certain retirees and beneficiaries of the Teacher Retirement System of Texas.

HB2163 amends the Teacher Retirement System of Texas to increase monthly service retirement, disability retirement, and death benefits by a four percent annual cost-of-living adjustment. The board of trustees must recompute the benefit amount annually starting January 1. The bill also mandates a one-time 10 percent adjustment to benefits for eligible retirees and beneficiaries. A supplemental payment of at least $2,000 or the gross amount of the regular annuity payment for December 2025, whichever is greater, will be made in January 2026.