Texas HB284 provides a cost-of-living adjustment for certain retirement benefits starting January 2026.

Texas HB284 amends the Government Code to introduce a cost-of-living adjustment for specific benefits paid by the Employees Retirement System of Texas. This adjustment applies to monthly benefit payments made on or after January 1, 2026. Eligible annuitants include those receiving standard retirement, optional service retirement, death, disability retirement, or alternate payee annuities. The adjustment percentage varies based on the effective date of retirement or the date of death of the member. The board of trustees will determine eligibility and the amount of the adjustment.

Texas HB284 provides a cost-of-living adjustment for certain retirement benefits starting January 2026.

Texas HB284 amends the Government Code to introduce a cost-of-living adjustment for specific benefits paid by the Employees Retirement System of Texas. This adjustment applies to monthly benefit payments made on or after January 1, 2026. Eligible annuitants include those receiving standard retirement, optional service retirement, death, disability retirement, or alternate payee annuities. The adjustment percentage varies based on the effective date of retirement or the date of death of the member. The board of trustees will determine eligibility and the amount of the adjustment.