Texas SB2865 amends the types of benefits offered by the retirement system to include benefits approved by the board.

Texas SB2865 amends Section 824.001 of the Government Code to update the types of benefits offered by the retirement system. The bill specifies that the retirement system will pay or deduct four types of benefits: service retirement benefits, disability retirement benefits, death benefits, and benefits approved by the board. The bill will take effect immediately if it receives a two-thirds vote in both houses of the Texas Legislature; otherwise, it will take effect on September 1, 2025.

Texas SB2865 amends the types of benefits offered by the retirement system to include benefits approved by the board.

Texas SB2865 amends Section 824.001 of the Government Code to update the types of benefits offered by the retirement system. The bill specifies that the retirement system will pay or deduct four types of benefits: service retirement benefits, disability retirement benefits, death benefits, and benefits approved by the board. The bill will take effect immediately if it receives a two-thirds vote in both houses of the Texas Legislature; otherwise, it will take effect on September 1, 2025.