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

SB 174 creates a one-time cost-of-living adjustment payable in September 2025 to certain retired teachers and beneficiaries under the Teacher Retirement System of Texas. It applies to annuitants receiving standard service, disability, survivor, or optional retirement benefits who retired or became beneficiaries before January 1, 2025. The adjustment excludes fixed-amount payments for disability retirees, certain survivor benefits, and deferred retirement plan payments. This is a specific policy change affecting eligible retirees and beneficiaries, not a recurring benefit.