Senate Bill 10 and House Joint Resolution 2 have been placed on the calendar to be heard by the Texas House of Representatives tomorrow, April 28, 2023. Texas Retired Teachers Association (TRTA) members can watch the live webcast of the House of Representatives tomorrow at 10:00 a.m. by clicking on this link and then clicking on the link for 88th Legislative Session.
There are two bills that have been filed during the 88th Legislative Session which would provide eligible Teacher Retirement System of Texas (TRS) retirees with a cost-of-living adjustment (COLA) and supplemental payment, SB 10 and HB 600. (To read a summary of both bills, please click here).
TRTA is tracking the progress of both bills. As this story develops, TRTA will keep its members informed. TRTA appreciates the work by both the Senate and the House to provide the opportunity for retirees to receive a COLA and benefit enhancement this session.
Members, as a reminder, there are still many steps to be taken to pass a bill for TRS retirees. With a little over a month left in legislative session, things may still change with bill language. We expect to go until the end of session before a final version of the bill is passed and before we know with absolute certainty what percentage of COLA and what amount of supplemental payment may be included.
Please stay tuned to the Inside Line and to Tim Lee’s Facebook and YouTube live Thursday updates as we provide you with the most up-to-date information.