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TX SB1892
Bill
Status
3/4/2025
Primary Sponsor
Tan Parker
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AI Summary
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Provides a cost-of-living adjustment (COLA) for death benefit annuities paid to surviving spouses or guardians of minor children of state law enforcement officers who died in the line of duty (occupational death)
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Sets the COLA at 7% for annuities where the member's death occurred on or before August 31, 2014, and 4% for deaths occurring after that date but before September 1, 2025
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Requires annuitants to have been receiving death benefit payments under ERS in December 2025 and be living when the adjustment takes effect in January 2026
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Excludes benefits based on service credited in the elected class from the adjustment
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Takes effect immediately with a two-thirds legislative vote, otherwise September 1, 2025, with adjusted payments beginning January 2026
Legislative Description
Relating to providing a cost-of-living adjustment applicable to certain benefits paid by the Employees Retirement System of Texas.
Retirement Systems
Last Action
Referred to Finance
3/17/2025