Agenda item details

Review, Discussion and Consideration of the CPI-U Adjustment for the Lump Sum Payment Under Tex. Gov’t Code §615.022 for FY 2021– (Action)

Number:
29/2020
Department:
Customer Benefits
Attachments
Name Download Ext. Filesize
Exhibit A – CPI Increase for 2019 Calendar Year pdf 427 kB
SLIDES_25 CPI U adjustments for Chapter 615 pdf 138 kB
Recommendation:
Move that the Board of Trustees of the Employees Retirement System of Texas approve an adjustment to the lump sum payment to survivors under Texas Government Code § 615.022 beginning September 1, 2020 through August 31, 2021 to $511,500. This adjustment is reflective of the percentage change in the Consumer Price Index for All Urban Consumers as reported by the system’s actuary.
Agenda item