Relating to cost-of-living increases applicable to certain benefits paid by the Teacher Retirement System of Texas.

HB 2087 requires the Teacher Retirement System of Texas (TRS) to adjust certain retirement benefits annually based on the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W). It directly affects current and future TRS retirees receiving service, disability, or death benefits by tying their cost-of-living increases to the same inflation measure used for Social Security. The bill mandates that the TRS board sets the adjustment rate each October using the Bureau of Labor Statistics' CPI-W data, but only if the system is financially stable and has sufficient funds available. The changes apply to benefits paid starting January 1, 2026, with the bill taking effect September 1, 2025.