Until the House and Senate are organized into committees so that bill hearings can begin, many of our daily updates will feature descriptions of bills of interest that have been filed to date. The following are bills that have been filed to date relating to teacher retirement and health insurance.

Note that it is widely anticipated that lawmakers will vote to provide the additional funding to TRS-Care required to keep it solvent for two more years. There is also discussion and some level of support among key leaders for using Economic Stabilization Fund (Rainy Day Fund) money to help shore up the retirement fund. These may not be separate bills but may only be incorporated into the budget bill.

The summaries below are very brief, and the full bills include other provisions or details. To see actual bill language, go to Texas Legislature Online and enter the bill number in the search box.

HB 56 by Rep. Armando Martinez, HB 398 by Rep. Ana Hernandez, and HB 597 by Rep. Sergio Munoz all require the TRS Board of Trustees to provide an annual cost-of-living adjustment (COLA) equal to the annual Social Security COLA, if the system can afford it.

HB 426 by Rep. Alma Allen - Provides for a 10 percent increase in retirement benefits and requires a four percent cost-of-living adjustment each year. Provides for a one-time "thirteenth check," with a $2,000 minimum amount.

HB 594 by Munoz – Requires that TRS restore the retiree health plan (TRS-Care) benefits that were in place before the 2017 legislative changes for current retirees, and applies the revised version that was passed in 2017 to only those retirees who enroll in TRS-Care beginning with the 2020 plan year.

SB 92 by Sen. Jose Menendez - Allows TRS to provide a thirteenth check to retirees if the funding period does not exceed 31 years after payment of the thirteenth check. Requires TRS to pay a thirteenth check in the amount of the retiree's regular check but no more than $2,400.

SB 93 by Menendez - Requires TRS to provide a one-time cost of living adjustment in the amount of three percent or $100 per month, whichever is less, to employees who retired between August 31, 2004, and August 31, 2015.

SB 94 and SJR 4 by Menendez - Increases the minimum state contribution to TRS in statute from six to seven percent.

SB 252 by Sen. Pat Fallon – Requires TRS to provide a one-time cost of living adjustment in the amount of three percent or $100 per month, whichever is less, to employees who retired between August 31, 2004, and August 31, 2017.