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

HB 343 would provide a cost-of-living adjustment (COLA) for certain benefits paid by the Employees Retirement System of Texas (ERS). This bill directly affects Texas state employees and retirees covered by the ERS who receive retirement benefits. The key provision would automatically adjust those benefits annually to account for inflation, helping maintain purchasing power. The bill was recently filed and referred to the Pensions committee, but specific adjustment percentages or effective dates are not detailed in the available context.