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TX HB5171

Bill

Status

Introduced

3/14/2025

Primary Sponsor

Richard Hayes

Click for details

Origin

House of Representatives

89th Legislature Regular Session

AI Summary

  • Establishes a 3% annual cost-of-living adjustment for service retirement, disability retirement, and death benefits paid to annuitants under the Judicial Retirement System of Texas Plan One and Plan Two, beginning September 1, 2026

  • Provides a one-time supplemental payment in September 2025 equal to the gross amount of the annuitant's regular August 2025 benefit payment

  • Eligible recipients include those receiving standard retirement annuities, optional service retirement annuities (as retiree or beneficiary), disability retirement annuities, or death benefit annuities

  • Requires the Employees Retirement System of Texas board of trustees to verify the legislature appropriated sufficient funds before implementing the adjustment or supplemental payment, to avoid increasing unfunded actuarial liabilities

  • Effective date is September 1, 2025

Legislative Description

Relating to providing a one-time supplemental payment and an annual cost-of-living adjustment applicable to certain benefits paid by the Judicial Retirement System of Texas Plan One and Judicial Retirement System of Texas Plan Two.

Retirement Systems

Last Action

Referred to Pensions, Investments & Financial Services

4/7/2025

Committee Referrals

Pensions, Investments & Financial Services4/7/2025

Full Bill Text

No bill text available