Suspending limitations on conference committee jurisdiction, H.B. No. 3347.
The proposed supplemental payment will be available to eligible annuitants not later than January 2010, coinciding with their regular annuity payments. The payment amount is set at the lesser of the gross amount of the regular December 2009 annuity payment or $500. The resolution ensures that this supplemental payment acts as an addition to the regular monthly annuity, rather than replacing it, enhancing the financial support available to retirees during this period.
Senate Resolution 1092, introduced in the 81st Legislature of Texas, aims to suspend certain Senate rules to facilitate the consideration of House Bill 3347, which addresses plan qualification provisions regarding the Teacher Retirement System of Texas. The resolution permits a conference committee to add a new section that provides a one-time supplemental payment to eligible annuitants. This payment is designed to support retirees and beneficiaries who are part of the state's teacher retirement system.
SR1092 reflects a legislative effort to provide immediate financial relief to teachers who have retired, ensuring that they receive additional support in what can be a challenging economic environment. The resolution emphasizes the commitment of Texas lawmakers to address the needs of retired educators while navigating the complexities of state retirement funding mechanisms.
The eligibility for the supplemental payment hinges on specific conditions, including that individuals must be annuitants with retirement dates or death dates on or before December 31, 2008. This provision raises questions regarding those who might miss out due to stringent eligibility criteria. Moreover, the bill specifies which types of payments are not applicable for this supplemental benefit, potentially limiting assistance to certain groups, including disability retirees and active member survivor beneficiaries.