Relating to providing a one-time supplemental payment and a cost-of-living adjustment applicable to certain benefits paid by the Employees Retirement System of Texas.

SB 2472 would implement a cost-of-living adjustment (COLA) for certain retirement benefits paid by the Texas Employees Retirement System, effective starting in January 2026. The adjustment applies to standard retirement payments, disability retirement, death benefits for beneficiaries, and alternate payee annuities, but only for individuals receiving these benefits as of December 2025. To qualify, recipients must be alive on the adjustment date and meet specific eligibility dates (e.g., retirement before September 1, 2024, for standard retirement benefits). The bill excludes benefits based on service in the elected class or under other specified circumstances.