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Digest
HB 343 introduces a cost-of-living adjustment (COLA) for retirees in the Employees Retirement System of Texas (ERS), effective January 2026. Eligible annuitants, including those receiving retirement, disability, and death benefits, will receive a COLA of 7% if they retired or became eligible on or before August 31, 2014, and 4% if they became eligible after that date. This adjustment applies only to monthly payments made on or after January 1, 2026.
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