Learn More About Benefit Enhancements
TRS works to keep our members informed and to provide the most efficient and timely service regarding approved benefit enhancements to eligible members. TRS maintains a webpage regarding the 2023 benefit enhancements. To learn more about how benefit enhancements are funded in general, please watch our video series titled Understanding Your Pension Fund.
Benefit enhancements such as a cost-of-living adjustment (COLA) can only be considered by the Texas Legislature when the pension trust fund is actuarially sound. Actuarial soundness refers to the likelihood that the combination of money in the fund, along with future contributions, will be enough to pay the promised benefits. The definition includes an amortization period of less than 31 years.
Remember, as a state agency, TRS is not permitted to advocate or lobby for or against any legislation or ballot items. TRS’ focus is on administering pension and certain health benefits for our participants and their beneficiaries.