Bill Text: TX HB4802 | 2025-2026 | 89th Legislature | Engrossed
Bill Title: Relating to certain benefits payable by the Judicial Retirement System of Texas Plan One and the Judicial Retirement System of Texas Plan Two.
Sponsorship: Moderate Partisan Bill (Republican 6-1)
Status: (Engrossed - Dead) 2025-05-12 - Received from the House [HB4802 Detail]
Download: Texas-2025-HB4802-Engrossed.html
| By: Cook, Longoria, Smithee, Spiller, Leach, | H.B. No. 4802 | |
| et al. | ||
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| relating to certain benefits payable by the Judicial Retirement | ||
| System of Texas Plan One and the Judicial Retirement System of Texas | ||
| Plan Two. | ||
| BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
| SECTION 1. (a) This section applies to an annuitant under | ||
| the Judicial Retirement System of Texas Plan One or the Judicial | ||
| Retirement System of Texas Plan Two who is eligible to receive: | ||
| (1) a service or disability retirement annuity under | ||
| Section 834.102, 834.103, 834.203, 839.102, 839.103, or 839.203, | ||
| Government Code, that is based on an effective date of retirement | ||
| that occurred on or before September 1, 2024; or | ||
| (2) a death benefit annuity under Section 834.301, | ||
| 834.302, 839.301, or 839.302, Government Code, that is based on a | ||
| death that occurred on or before September 1, 2024. | ||
| (b) Notwithstanding any other law: | ||
| (1) on September 1, 2025, the Employees Retirement | ||
| System of Texas shall recompute each annuity being paid an | ||
| annuitant under Section 834.102, 834.103, 834.203, 834.301, | ||
| 834.302, 839.102, 839.103, 839.203, 839.301, or 839.302, | ||
| Government Code, by multiplying the amount of the monthly annuity | ||
| being paid under those sections by five percent and applying the | ||
| adjustment to the amount otherwise being paid under those sections; | ||
| and | ||
| (2) on September 1, 2026, the Employees Retirement | ||
| System of Texas shall recompute each annuity being paid an | ||
| annuitant under the sections of law described in Subdivision (1) of | ||
| this subsection, by multiplying the amount of the monthly annuity | ||
| being paid under those sections by five percent and applying the | ||
| adjustment to the amount otherwise being paid under those sections. | ||
| SECTION 2. The Employees Retirement System of Texas is | ||
| required to make the cost-of-living adjustments under Section 1 of | ||
| this Act only if the board of trustees of the Employees Retirement | ||
| System of Texas finds that the legislature appropriated money to | ||
| the Judicial Retirement System of Texas Plan One and the Judicial | ||
| Retirement System of Texas Plan Two in an amount sufficient to | ||
| provide the adjustments without increasing the unfunded actuarial | ||
| liabilities of the retirement system. The amount appropriated by | ||
| the legislature to provide the adjustments must be in addition to | ||
| any amounts the state is required to contribute to the retirement | ||
| system under Subchapter B, Chapter 835, or Subchapter B, Chapter | ||
| 840, Government Code. If the board of trustees of the Employees | ||
| Retirement System of Texas finds that the legislature did not | ||
| appropriate money in an amount sufficient to provide the | ||
| cost-of-living adjustments without increasing the unfunded | ||
| actuarial liabilities of the retirement system, the retirement | ||
| system may not make the adjustments. | ||
| SECTION 3. The adjustment of benefits required under | ||
| Section 1 of this Act applies only to an annuity payment that | ||
| becomes payable on or after the effective date of this Act. | ||
| SECTION 4. This Act takes effect September 1, 2025. | ||
