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Questions arise about future of public retirees HB 1028, 13 th check bill with a $50.00 increase from the last 13 th check paid in 2020, was passed unanimously by the House on February 14, 2023. HB 1028, 13 th check bill with a $50.00 increase from the last 13 th check paid in 2020, was passed unanimously by the House on February 14, 2023. This would be the first 13th check retirees have received since 2007. These FAQs are a guide to common questions related to public benefits as a result of the 13th Check Payment. More Than 650 Texas Laws Go Into Effect Sept. 1. The COLA benefit increase of 3.33% is based upon the state-mandated increase to the salary for actively employed judges and magistrates in positions covered by the Judges' Retirement System. This week the Teacher Retirement System of Texas (TRS) announced that retired teachers will be receiving their one-time supplemental benefit check (commonly referred to as a 13th check) next Friday, January 14. 2010: $338,628,000 ($25 million) 6:57 PM on Jul 13, 2021 CDT. Its not fixing the structural problem we have with the system, he said. Both the Texas House and Senate have unanimously approved a measure giving retired Texas public school teachers and staff a one-time check of up to $2,400. Frank has served his community in both elected and appointed public office, hosted his own local radio and television programs, and managed private businesses all while being an engaged husband and father. Its an appreciated one; its certainly better than nothing, absolutely. Texas AFT is affiliated with the American Federation of Teachers and AFL-CIO. 2006) was amended in 1999 to provide for the automatic 3 percent annual benefit adjustment that is used to calculate COLA amounts. But is it ultimately just a drop in the bucket? The COLA is equal to 3% of the annual retirement allowance for each full fiscal year of retirement up to the year in which the retired member reaches age 60 (55 for those who became members of PERS before July 1, 2011), with 3% compounded for each fiscal year thereafter. We shouldn't back up on it. Final passage of this bill into law will require the House Democrats who have fled the state to return to the House for a quorum. The bill was referred to the Senate on February 15. 2011: $368,645,000 ($30 million) WebNOW is the time for a meaningful and substantial COLA for TRS retirees. Occasionally, rumors circulate that the COLA will be eliminated or adjusted. Retired teachers in Texas have not received a cost-of-living increase since 2013. The Public Employees Retirement System of Mississippi (PERS) annual cost of living adjustment, otherwise known as the 13th Check, has grown nearly $400 million over the last decade.