Tex.
Gov't Code Section 814.604
Cost-of-living Adjustment
(a)
The retirement system shall grant a one-time cost-of-living adjustment as provided by Subsections (b) and (c) on a finding by the board of trustees that, as determined by an actuarial valuation:(1)
the amortization period for the unfunded actuarial liabilities of the retirement system does not exceed 30 years by one or more years; and(2)
as a result of paying the adjustment, the time required to amortize the unfunded actuarial liabilities of the retirement system would not be increased to a period that exceeds 30 years by one or more years.(b)
The retirement system shall pay the cost-of-living adjustment under this section to a retiree who has been retired for 20 years or more on the date the board of trustees makes the finding in Subsection (a), or to a beneficiary of the retiree, as an increase to a monthly service retirement benefit, disability retirement benefit, or death benefit, as applicable, paid under this chapter for service credited in the employee class.(c)
A cost-of-living adjustment under this section is limited to the lesser of:(1)
an amount equal to three percent of the monthly benefit subject to the increase; or(2)
$100 a month.
Source:
Section 814.604 — Cost-of-living Adjustment, https://statutes.capitol.texas.gov/Docs/GV/htm/GV.814.htm#814.604 (accessed May 26, 2025).
