Relating to a cost-of-living adjustment applicable to certain benefits paid by the Employees Retirement System of Texas.

HB 1086 proposes a cost-of-living adjustment (COLA) for certain retirement benefits paid by the Employees Retirement System of Texas (ERS). This bill would directly affect state employees and retirees receiving benefits through the ERS. The adjustment would link benefit payments to inflation changes, though specific calculation details (e.g., percentage or indexing method) are not provided in the available context. The bill is currently pending in the Pensions, Investments & Financial Services committee after being filed in 2024 and read for the first time in March 2025.