{"data":{"id":"us-tx/tex.-government-code-814.604","jurisdiction":"us-tx","citation":"Tex. Government Code § 814.604","heading":"COST-OF-LIVING ADJUSTMENT.","body":"(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:\n(1) the amortization period for the unfunded actuarial liabilities of the retirement system does not exceed 30 years by one or more years; and\n(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.\n(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.\n(c) A cost-of-living adjustment under this section is limited to the lesser of:\n(1) an amount equal to three percent of the monthly benefit subject to the increase; or\n(2) $100 a month.\nAdded by Acts 2013, 83rd Leg., R.S., Ch. 618 (S.B. 1459), Sec. 12, eff. September 1, 2013.","path":["GOVERNMENT CODE","TITLE 8. PUBLIC RETIREMENT SYSTEMS","SUBTITLE B. EMPLOYEES RETIREMENT SYSTEM OF TEXAS","CHAPTER 814. BENEFITS","SUBCHAPTER G. INCREASES IN BENEFITS"],"source_url":"https://statutes.capitol.texas.gov/Docs/GV/htm/GV.814.htm#814.604","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:16Z","sha256":"941d50bc3dbfb8ae3e5137ac9d9e0f90df8caa7ac51b30bb7ffbd8152eea19c6","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-government-code-814.603","next":"us-tx/tex.-government-code-815.001"},"notice":"GroundRules: Original legal text. Not legal advice."}