Texas HB4802 adjusts certain retirement benefits for Judicial Retirement System of Texas Plan One and Plan Two annuitants.

Texas HB4802 mandates the Employees Retirement System of Texas to recompute and adjust certain retirement benefits for annuitants under the Judicial Retirement System of Texas Plan One and Plan Two. Specifically, the bill requires a 7.5 percent increase in monthly annuity payments for eligible annuitants. This adjustment applies to service or disability retirement annuities and death benefit annuities based on retirements or deaths occurring before September 1, 2024. The recomputation takes effect on September 1, 2025, and again on September 1, 2026.

Texas HB4802 adjusts certain retirement benefits for Judicial Retirement System of Texas Plan One and Plan Two annuitants.

Texas HB4802 mandates the Employees Retirement System of Texas to recompute and adjust certain retirement benefits for annuitants under the Judicial Retirement System of Texas Plan One and Plan Two. Specifically, the bill requires a 7.5 percent increase in monthly annuity payments for eligible annuitants. This adjustment applies to service or disability retirement annuities and death benefit annuities based on retirements or deaths occurring before September 1, 2024. The recomputation takes effect on September 1, 2025, and again on September 1, 2026.