Relating to the payment of certain employer contributions for employed retirees of the Teacher Retirement System of Texas.

HB 2554 requires school districts and other employers to pay both the retiree's and state's share of contributions for employed retirees enrolled in the Teacher Retirement System of Texas. Specifically, employers must contribute an amount equal to what would be paid if the retiree were an active member, covering both the retiree's portion and the state's portion for retirement benefits and health insurance. The bill also gives the retirement system authority to waive these employer payments for certain fiscal years. This change applies starting with the 2025-2026 school year.