The Texas House gave preliminary approval to a bill that would give retired teachers a bump in their monthly retirement checks — between 2% and 6%, depending on when they retired. It may be some retirees' first cost-of-living adjustment in almost 20 years.
, R-Houston. The lower chamber’s version of the bill seeks to give a 6% increase to retirees’ monthly checks if they retired before 2004, a 4% increase if they retired between 2004 and 2014, and a 2% increase if they retired between 2015 and 2021.
But the bill includes one caveat: to fund the cost-of-living increases, Texas voters would first need to approve an amendment to the Texas Constitution that allows the state to move $1.9 billion from the general funds to the Teacher Retirement System. The measure would be placed on the ballot Nov. 7.
The last time lawmakers gave retired teachers a cost-of-living increase was in 2013, and it only applied to those who retired before August 2004. Teachers who retired after that have never received a raise and have been living on about
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