TX HB5191

Provides a one-time supplemental payment in January 2026 to eligible Teacher Retirement System of Texas annuitants, equal to the gross amount of their December 2025 regular annuity payment

Establishes a 2% cost-of-living adjustment (COLA) beginning January 2026 for annuitants whose retirement, death, or annuity election effective date was after August 31, 2020, but before January 1, 2025

Eligible recipients include those receiving standard or optional service/disability retirement annuities, death benefit annuities, and alternate payee annuities under qualifying provisions

Excludes certain categories from both benefits, including disability retirees with less than 10 years of service credit, those receiving statutorily fixed amounts, and deferred retirement option plan account payments

Payments are contingent on the TRS board of trustees finding that the legislature appropriated sufficient funds to cover the costs without increasing the system's unfunded actuarial liabilities