The bill, S.B. No. 1892, proposes an amendment to the Government Code by adding Section 814.605, which establishes a cost-of-living adjustment for certain death benefit annuities paid by the Employees Retirement System of Texas. This adjustment will be applicable starting January 2026 and is designed for annuitants who are eligible to receive death benefit payments based on the service of a deceased member who was a law enforcement officer at the time of their occupational death. To qualify for this adjustment, the annuitant must be living on the effective date of the adjustment, and the member's date of death must be prior to September 1, 2025.
The bill specifies that the adjustment will be calculated based on the date of the member's death, with a seven percent increase for deaths occurring on or before August 31, 2014, and a four percent increase for deaths after that date. The board of trustees of the Employees Retirement System will be responsible for determining eligibility and the amount of the adjustment. This new provision is in addition to any other adjustments that may be granted under existing laws. The bill will take effect immediately upon receiving a two-thirds vote from both houses or on September 1, 2025, if such a vote is not achieved.
Statutes affected: Introduced: ()