Texas HB343 proposes a cost-of-living adjustment for certain benefits paid by the Employees Retirement System of Texas.

Texas HB343 amends the Government Code to include a cost-of-living adjustment for certain benefits paid by the Employees Retirement System of Texas. The adjustment applies to monthly benefits for annuitants eligible for standard retirement, optional service retirement, disability retirement, death benefit, or alternate payee annuities. The adjustment percentage varies based on the effective date of the annuitant's election or the retirement member's service. The adjustment is in addition to any other adjustments granted under existing law.

Texas HB343 proposes a cost-of-living adjustment for certain benefits paid by the Employees Retirement System of Texas.

Texas HB343 amends the Government Code to include a cost-of-living adjustment for certain benefits paid by the Employees Retirement System of Texas. The adjustment applies to monthly benefits for annuitants eligible for standard retirement, optional service retirement, disability retirement, death benefit, or alternate payee annuities. The adjustment percentage varies based on the effective date of the annuitant's election or the retirement member's service. The adjustment is in addition to any other adjustments granted under existing law.