Texas HB5429 allows certain public educational entity employees to authorize salary deductions for benefits approved by the Teacher Retirement System.

Texas HB5429 amends the Education Code to allow employees of school districts, educational districts, open-enrollment charter schools, or regional education service centers who are members of the Teacher Retirement System of Texas to authorize salary deductions for benefits approved by the system. The Teacher Retirement System of Texas will designate which benefits are eligible for this deduction. The bill takes effect immediately if it receives a two-thirds vote in both houses of the Texas Legislature; otherwise, it takes effect September 1, 2025.

Texas HB5429 allows certain public educational entity employees to authorize salary deductions for benefits approved by the Teacher Retirement System.

Texas HB5429 amends the Education Code to allow employees of school districts, educational districts, open-enrollment charter schools, or regional education service centers who are members of the Teacher Retirement System of Texas to authorize salary deductions for benefits approved by the system. The Teacher Retirement System of Texas will designate which benefits are eligible for this deduction. The bill takes effect immediately if it receives a two-thirds vote in both houses of the Texas Legislature; otherwise, it takes effect September 1, 2025.