H.B. No. 75 proposes an amendment to the Government Code by adding Section 814.605, which establishes a cost-of-living adjustment for certain benefits paid by the Employees Retirement System of Texas, effective January 2026. The bill specifies that eligible annuitants, including those receiving service retirement, disability retirement, death benefits, or other monthly benefits, will see an increase in their payments. To qualify for this adjustment, individuals must be living as of the effective date and meet specific criteria related to their retirement or the death of the member on whose service their annuity is based. The adjustment will be calculated based on the date of retirement or death, with different percentage increases depending on whether these events occurred before or after August 31, 2014.

The bill also outlines exclusions for certain benefit payments and mandates that the board of trustees of the Employees Retirement System will be responsible for determining eligibility and calculating the adjustment amounts. The adjustments will be in addition to any other adjustments granted under existing laws. The act will take effect immediately if it receives a two-thirds majority vote in both houses; otherwise, it will become effective 91 days after the legislative session concludes.

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