| 1 | 1 | | 89R16036 RDR-F |
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| 2 | 2 | | By: Cook H.B. No. 4802 |
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| 3 | 3 | | |
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| 4 | 4 | | |
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| 5 | 5 | | |
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| 6 | 6 | | |
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| 7 | 7 | | A BILL TO BE ENTITLED |
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| 8 | 8 | | AN ACT |
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| 9 | 9 | | relating to certain benefits payable by the Judicial Retirement |
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| 10 | 10 | | System of Texas Plan One and the Judicial Retirement System of Texas |
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| 11 | 11 | | Plan Two. |
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| 12 | 12 | | BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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| 13 | 13 | | SECTION 1. (a) This section applies to an annuitant under |
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| 14 | 14 | | the Judicial Retirement System of Texas Plan One or the Judicial |
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| 15 | 15 | | Retirement System of Texas Plan Two who is eligible to receive: |
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| 16 | 16 | | (1) a service or disability retirement annuity under |
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| 17 | 17 | | Section 834.102, 834.103, 834.203, 839.102, 839.103, or 839.203, |
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| 18 | 18 | | Government Code, that is based on an effective date of retirement |
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| 19 | 19 | | that occurred on or before September 1, 2024; or |
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| 20 | 20 | | (2) a death benefit annuity under Section 834.301, |
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| 21 | 21 | | 834.302, 839.301, or 839.302, Government Code, that is based on a |
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| 22 | 22 | | death that occurred on or before September 1, 2024. |
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| 23 | 23 | | (b) Notwithstanding any other law: |
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| 24 | 24 | | (1) on September 1, 2025, the Employees Retirement |
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| 25 | 25 | | System of Texas shall recompute each annuity being paid an |
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| 26 | 26 | | annuitant under Section 834.102, 834.103, 834.203, 834.301, |
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| 27 | 27 | | 834.302, 839.102, 839.103, 839.203, 839.301, or 839.302, |
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| 28 | 28 | | Government Code, by multiplying the amount of the monthly annuity |
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| 29 | 29 | | being paid under those sections by 7.5 percent; and |
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| 30 | 30 | | (2) on September 1, 2026, the Employees Retirement |
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| 31 | 31 | | System of Texas shall recompute each annuity being paid an |
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| 32 | 32 | | annuitant under the sections of law described in Subdivision (1) of |
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| 33 | 33 | | this subsection, by multiplying the amount of the monthly annuity |
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| 34 | 34 | | being paid under those sections by 7.5 percent. |
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| 35 | 35 | | SECTION 2. The adjustment of benefits required under |
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| 36 | 36 | | Section 1 of this Act applies only to an annuity payment that |
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| 37 | 37 | | becomes payable on or after the effective date of this Act. |
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| 38 | 38 | | SECTION 3. This Act takes effect September 1, 2025. |
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