Amend CSHB 500 (house committee report) as follows:

(1)  On page 1, line 8, strike the period and substitute "AND A ONE-TIME SUPPLEMENTAL BENEFIT PAYMENT. (a)".

(2)  On page 1, between lines 13 and 14, insert the following:

(b)  Contingent on the enactment and becoming law of HB 886 or similar legislation by the 89th Legislature, Regular Session, 2025, relating to a one-time supplemental payment of benefits under the Employees Retirement System of Texas, and notwithstanding Subsection (a) of this section, for the state fiscal year ending August 31, 2026, out of the money appropriated under Subsection (a) of this section, the Employees Retirement System of Texas shall allocate at least $205,000,000 to implement the one-time supplemental payment of benefits to annuitants required under HB 886 or similar legislation by the 89th Legislature, Regular Session, 2025.