Texas House Bill HB2141

Texas 2009 - 81st Regular

Caption

Relating to one-time supplemental payments of retirement and death benefits by the Teacher Retirement System of Texas.

Impact

If enacted, HB 2141 will specifically impact the financial operations of the Teacher Retirement System by mandating these supplemental payments. This would provide immediate support to eligible annuitants, contributing to their financial stability and potentially improving their quality of life. The bill aims to cushion retirees against economic challenges by granting them a cash benefit that is in addition to their existing retirement payments.

Summary

House Bill 2141 proposes a one-time supplemental payment to annuitants of the Teacher Retirement System of Texas. The bill specifies that eligible annuitants will receive a payment equivalent to their regular annuity for the month of August 2009. The intent behind this legislation is to provide additional financial support to those receiving retirement or death benefits, ensuring that they receive funds without affecting their usual annuity payments. The bill is significant as it seeks to enhance the financial well-being of retired educators during a time when supplemental financial assistance may be crucial.

Contention

Notable points of contention surrounding HB 2141 may stem from discussions about the overall financial health of the Teacher Retirement System and whether such supplemental payments could influence the funding and sustainability of the pension system. Consideration of the fiscal implications, including how additional payouts might affect the system's long-term viability, could be major factors in legislative debates. Moreover, there may be differing opinions on the sufficiency of the benefit and whether it adequately meets the needs of all annuitants or is well-targeted.