Adjusts benefits for certain retirees under the Employees Retirement System of Texas.

The bill amends the Texas Government Code to adjust benefits for certain retirees under the Employees Retirement System of Texas. It introduces a one-time 10 percent adjustment to monthly benefits starting in 2026 and an annual cost-of-living adjustment based on the Consumer Price Index. Additionally, it mandates a one-time supplemental payment of up to $2,000 to eligible annuitants in January 2026, provided the legislature appropriates sufficient funds without increasing unfunded liabilities. The changes apply to benefit payments made on or after January 1, 2026.

Adjusts benefits for certain retirees under the Employees Retirement System of Texas.

The bill amends the Texas Government Code to adjust benefits for certain retirees under the Employees Retirement System of Texas. It introduces a one-time 10 percent adjustment to monthly benefits starting in 2026 and an annual cost-of-living adjustment based on the Consumer Price Index. Additionally, it mandates a one-time supplemental payment of up to $2,000 to eligible annuitants in January 2026, provided the legislature appropriates sufficient funds without increasing unfunded liabilities. The changes apply to benefit payments made on or after January 1, 2026.