Bill Text: TX HB690 | 2027-2028 | 90th Legislature Regular Session | Introduced
Bill Title: Relating to a one-time supplemental payment of benefits under the Employees Retirement System of Texas.
Sponsorship: Partisan Bill (Republican 1)
Status: (Introduced) 2026-11-09 - Filed [HB690 Detail]
Download: Texas-2027-HB690-Introduced.html
| 90R3685 EMS-D | ||
| By: Vasut | H.B. No. 690 | |
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| relating to a one-time supplemental payment of benefits under the | ||
| Employees Retirement System of Texas. | ||
| BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
| SECTION 1. (a) Subject to Subsection (i) of this section | ||
| and Section 811.006, Government Code, the Employees Retirement | ||
| System of Texas shall make a one-time supplemental payment of a | ||
| retirement or death benefit, as provided by this section. | ||
| (b) The supplemental payment is payable in January 2028 and, | ||
| to the extent practicable, on a date or dates that coincide with the | ||
| regular annuity payment payable to each eligible annuitant. | ||
| (c) The amount of the supplemental payment is equal to the | ||
| lesser of: | ||
| (1) $2,000; or | ||
| (2) the gross amount of the regular annuity payment to | ||
| which the eligible annuitant is otherwise entitled for the month of | ||
| December 2027. | ||
| (d) The Employees Retirement System of Texas shall make | ||
| applicable tax withholding and other legally required deductions | ||
| before disbursing the supplemental payment. A supplemental payment | ||
| under this section is in addition to the regular monthly annuity | ||
| payment to which the eligible annuitant is otherwise entitled. | ||
| (e) Subject to Subsections (f) and (g) of this section, to | ||
| be eligible for the supplemental payment, a person must be, for the | ||
| month of December 2027, an annuitant eligible to receive: | ||
| (1) a standard retirement annuity payment; | ||
| (2) an optional service retirement annuity payment as | ||
| either a retiree or beneficiary under Section 814.108 or 820.0535, | ||
| Government Code; | ||
| (3) a standard or occupational disability retirement | ||
| annuity payment; | ||
| (4) a death benefit annuity payment under Section | ||
| 814.301, 814.305, or 820.054, Government Code; or | ||
| (5) an alternate payee annuity payment under Section | ||
| 804.005, Government Code. | ||
| (f) If the annuitant is a retiree or a beneficiary under an | ||
| optional retirement payment plan, to be eligible for the | ||
| supplemental payment, the effective date of the retirement of the | ||
| member of the Employees Retirement System of Texas must have been on | ||
| or before September 1, 2026. The supplemental payment shall be made | ||
| to an alternate payee who is an annuitant under Section 804.005, | ||
| Government Code, only if the annuity payment to the alternate payee | ||
| commenced on or before September 1, 2026. The supplemental payment | ||
| is in addition to the guaranteed number of payments under Section | ||
| 814.108 or 820.0535, Government Code, and may not be counted as one | ||
| of the guaranteed monthly payments. | ||
| (g) The supplemental payment does not apply to payments | ||
| under: | ||
| (1) Section 814.103, 814.205, 820.053(a)(3), or | ||
| 820.054, Government Code, relating to retirees or disability | ||
| retirees from the elected class of membership; | ||
| (2) a subtitle other than Subtitle B, Title 8, | ||
| Government Code, except as provided by Subsection (e)(5) of this | ||
| section; or | ||
| (3) Section 814.304 or 820.054, Government Code, | ||
| relating to retiree survivor beneficiaries who receive a survivor | ||
| annuity as the surviving spouse of a member of the elected class. | ||
| (h) Except as provided by this section, the board of | ||
| trustees of the Employees Retirement System of Texas shall | ||
| determine the eligibility for and the amount and timing of a | ||
| supplemental payment and the manner in which the payment is made. | ||
| (i) The Employees Retirement System of Texas is required to | ||
| make a one-time supplemental payment of benefits under this section | ||
| only if the board of trustees of the Employees Retirement System of | ||
| Texas finds that the legislature appropriated money to the | ||
| retirement system in an amount sufficient to provide the payment | ||
| without increasing the unfunded actuarial liabilities of the | ||
| retirement system. The amount appropriated by the legislature to | ||
| provide the payment must be in addition to any amounts the state is | ||
| required to contribute to the retirement system under Subchapter E, | ||
| Chapter 815, 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 a one-time | ||
| supplemental payment of benefits under this section without | ||
| increasing the unfunded actuarial liabilities of the retirement | ||
| system, the retirement system may not make the payment. | ||
| SECTION 2. This Act takes effect September 1, 2027. | ||
