Will you see a change in your annuity?

December 11, 2024
Retiree meeting with an advisor at home

1-minute read

If you are eligible for Medicare, you will see a change in your monthly annuity if you made new benefit elections during Fall Enrollment. Even if you didn’t make changes, you might have a different net annuity amount beginning in January if any of the following applies to you:

  • You pay a premium for your or a dependent’s coverage in HealthSelectSM Medicare Advantage. Premiums in that plan will increase Jan. 1.
  • You’re eligible for Medicare, enrolled in Optional Term Life Insurance and moved to a new age bracket on or before Jan. 1 because you had an age-based premium increase.
  • You are eligible for the cost-of-living adjustment for retirees who have been retired for 20 years or more.
  • Changes to federal income taxes change how much is withheld from your annuity each month.

To learn more, see the Plan Year 2025 premium rates for Medicare-eligible retirees.

Annuity payment dates

ERS deposits or mails your annuity payment on the last business day of the month.

  • Dec. 31, 2024
  • Jan. 31, 2025
  • Feb. 28, 2025

See instructions on how to change your tax withholding, personal information and more.

If you’re a retiree from another system, such as the Teacher Retirement System (TRS), the Texas County & District Retirement System (TCDRS) or the Texas Municipal Retirement System (TMRS), contact that system for annuity payment dates.