Texas SB2472 provides a one-time supplemental payment and a cost-of-living adjustment for certain benefits paid by the Employees Retirement System of.

Texas SB2472 mandates the Employees Retirement System of Texas to issue a one-time supplemental payment in January 2026 and a cost-of-living adjustment starting January 2026. The supplemental payment amount varies based on the retirement date, ranging from $2,500 to $10,000. The cost-of-living adjustment percentage also varies based on the retirement date, ranging from 2% to 8%. Eligibility for these benefits depends on the type of annuity and the retirement date. The board of trustees determines eligibility and the amount of the adjustment. The bill takes effect September 1, 2025.

Texas SB2472 provides a one-time supplemental payment and a cost-of-living adjustment for certain benefits paid by the Employees Retirement System of.

Texas SB2472 mandates the Employees Retirement System of Texas to issue a one-time supplemental payment in January 2026 and a cost-of-living adjustment starting January 2026. The supplemental payment amount varies based on the retirement date, ranging from $2,500 to $10,000. The cost-of-living adjustment percentage also varies based on the retirement date, ranging from 2% to 8%. Eligibility for these benefits depends on the type of annuity and the retirement date. The board of trustees determines eligibility and the amount of the adjustment. The bill takes effect September 1, 2025.