TX HB4802

Provides a 5% cost-of-living adjustment on September 1, 2025, for annuitants in the Judicial Retirement System of Texas Plan One and Plan Two who retired or whose beneficiary died on or before September 1, 2024

Provides an additional 5% cost-of-living adjustment on September 1, 2026, compounding on the 2025 increase

Applies to service retirement, disability retirement, and death benefit annuities under both judicial retirement plans

Requires the Employees Retirement System of Texas board of trustees to verify that the legislature appropriated sufficient funds to cover the adjustments without increasing the system's unfunded actuarial liabilities

Takes effect September 1, 2025, and applies only to annuity payments made on or after that date