TX HB2319

Requires the Teacher Retirement System of Texas (TRS) to provide annual cost-of-living adjustments (COLAs) to service retirement benefits, disability retirement benefits, and death benefits to reflect inflation

The TRS board of trustees must set the adjustment rate each year during the last seven days of October, using the same Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) calculation used for Social Security COLAs

Benefit increases are contingent on the board finding the retirement system is actuarially sound and has available funds to pay increased benefits

If funds are insufficient for the full COLA but the system remains actuarially sound, the board must calculate and apply the largest possible adjustment rate that maintains actuarial soundness

Applies to benefits paid by TRS on or after January 1, 2026, with the act taking effect September 1, 2025