TX SB2472

Provides a one-time supplemental payment in January 2026 to eligible Employees Retirement System of Texas annuitants, ranging from $2,500 to $10,000 based on retirement date, with those retiring before January 1, 2007 receiving the highest amount

Establishes a permanent cost-of-living adjustment (COLA) beginning January 2026 for monthly benefits, with increases of 2% to 8% depending on when the member retired, with longer-retired annuitants receiving higher percentage increases

Applies to service retirement, disability retirement, death benefits, and alternate payee annuities based on employee class service credit, but excludes benefits based on elected class service

Requires annuitants to have retired before September 1, 2024 (or September 1, 2025 for certain death benefits and alternate payees) and be living on the effective date to qualify for the adjustment

Conditions both the COLA and supplemental payment on the legislature appropriating sufficient funds to cover costs without increasing the retirement system's unfunded actuarial liabilities