Texas 2025 - 89th Regular

Texas Senate Bill SB1892 Compare Versions

Only one version of the bill is available at this time.

Old	New	Differences
1	1	89R10584 RDR-D
2	2	By: Parker S.B. No. 1892
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7	7	A BILL TO BE ENTITLED
8	8	AN ACT
9	9	relating to providing a cost-of-living adjustment applicable to
10	10	certain benefits paid by the Employees Retirement System of Texas.
11	11	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
12	12	SECTION 1. Subchapter G, Chapter 814, Government Code, is
13	13	amended by adding Section 814.605 to read as follows:
14	14	Sec. 814.605. COST-OF-LIVING ADJUSTMENT FOR CERTAIN
15	15	ANNUITANTS: JANUARY 2026. (a) The amount of a death benefit paid
16	16	under this chapter to an annuitant based on service credited in the
17	17	employee class is increased to include a cost-of-living adjustment
18	18	in accordance with this section.
19	19	(b) Subject to Subsections (c) and (d), to be eligible for
20	20	the adjustment:
21	21	(1) a person must be:
22	22	(A) for the month of December 2025, an annuitant
23	23	eligible to receive a death benefit annuity payment under Section
24	24	814.301, 814.302, or 814.305; and
25	25	(B) the surviving spouse or the guardian of the
26	26	surviving minor children of the deceased member on whose service
27	27	the annuity is based; and
28	28	(2) the deceased member described by Subdivision
29	29	(1)(B) must have been employed by the state as a law enforcement
30	30	officer at the time of the member's death which must have been an
31	31	occupational death, as determined by the executive director.
32	32	(c) The adjustment does not apply to benefit payments based
33	33	on service credited in the elected class.
34	34	(d) To be eligible for the adjustment under this section:
35	35	(1) the annuitant described by Subsection (b) must be
36	36	living on the effective date of the adjustment; and
37	37	(2) the date of death of the member of the retirement
38	38	system on whose service the annuity is based must have been before
39	39	September 1, 2025.
40	40	(e) An adjustment under this section must be made beginning
41	41	with an annuity payable for the month of January 2026.
42	42	(f) The amount of the adjustment provided under this section
43	43	is computed by multiplying the amount of the monthly benefit
44	44	subject to the adjustment by the following percentage rate, as
45	45	applicable:
46	46	(1) if the date of the death of the member of the
47	47	retirement system on whose service the annuity is based was on or
48	48	before August 31, 2014, seven percent; and
49	49	(2) if the date of the death of the member of the
50	50	retirement system on whose service the annuity is based was after
51	51	August 31, 2014, four percent.
52	52	(g) The board of trustees shall recompute the amount of a
53	53	death benefit annuity paid monthly under this chapter by applying
54	54	the adjustment required under Subsection (f) to the monthly amount
55	55	otherwise required to be paid. The adjustment under this section is
56	56	in addition to the adjustment, if any, granted under Section
57	57	814.604 or any other law.
58	58	(h) The board of trustees shall determine the eligibility
59	59	for and the amount of any adjustment in monthly annuities in
60	60	accordance with this section.
61	61	SECTION 2. Section 814.605, Government Code, as added by
62	62	this Act, applies only to a monthly benefit payment made by the
63	63	Employees Retirement System of Texas on or after January 1, 2026.
64	64	SECTION 3. This Act takes effect immediately if it receives
65	65	a vote of two-thirds of all the members elected to each house, as
66	66	provided by Section 39, Article III, Texas Constitution. If this
67	67	Act does not receive the vote necessary for immediate effect, this
68	68	Act takes effect September 1, 2025.