Texas HB2319 adjusts benefits for inflation for the Teacher Retirement System of Texas.

HB2319 amends the Teacher Retirement System of Texas to adjust benefits for inflation annually. The board of trustees must set the adjustment rate based on the Consumer Price Index for Urban Wage Earners and Clerical Workers. The board cannot increase benefits unless the system is actuarially sound and has sufficient funds. If funds are limited, the board will calculate the largest possible adjustment. This Act applies to benefits paid on or after January 1, 2026, and takes effect September 1, 2025.

Texas HB2319 adjusts benefits for inflation for the Teacher Retirement System of Texas.

HB2319 amends the Teacher Retirement System of Texas to adjust benefits for inflation annually. The board of trustees must set the adjustment rate based on the Consumer Price Index for Urban Wage Earners and Clerical Workers. The board cannot increase benefits unless the system is actuarially sound and has sufficient funds. If funds are limited, the board will calculate the largest possible adjustment. This Act applies to benefits paid on or after January 1, 2026, and takes effect September 1, 2025.