Relating to an annual adjustment for inflation to the monthly amount of longevity pay for state employees.

SB 574 requires the Texas comptroller to annually adjust the monthly longevity pay for state employees based on inflation, starting in 2025. The adjustment uses a Texas-specific inflation index reflecting consumer purchasing power, increasing the base amount of $20 (paid per two years of service) by the inflation percentage each July 1, effective September 1. For the 2025-2026 fiscal year, the adjustment is calculated as $20 plus 20 multiplied by the inflation rate, but this method expires after that year. The bill directly affects Texas state employees who receive longevity pay tied to their years of service.