TX SB574

Replaces the fixed $20 monthly longevity pay rate for state employees (per every two years of service) with an annually adjusted amount set by the comptroller

Requires the comptroller to adjust longevity pay each year by July 1 based on an inflation index that best reflects changes in consumer purchasing power in Texas

Mandates publication of the new longevity pay amount in the Texas Register and on the comptroller's website by August 1 each year, effective for the 12-month period beginning September 1

For the initial fiscal year (September 1, 2025 - August 31, 2026), sets the longevity pay as $20 plus the inflation-adjusted increase based on the selected index

Takes effect immediately with a two-thirds legislative vote, otherwise September 1, 2025