Amend CSSB 1 (house committee report) as follows:

(1)  In Article III of the bill and elsewhere in the bill, reduce the general revenue amounts appropriated to the Texas Education Agency (page III-1) to implement legislation relating to the establishment of an education savings account by the 89th Legislature, Regular Session, 2025, by $1,000,000,000 for the state fiscal biennium ending August 31, 2027.

(2)  In Article III of the bill, following the appropriations to the Texas Education Agency, strike Rider 78, Contingency for Education Savings Account (page III-32).

(3)  In Article III of the bill, following the appropriations to the Teacher Retirement System (page III-49), add the following appropriately numbered rider:

____.  Contingent Rider: Cost of Living Adjustment for Retired Teachers. Contingent on the enactment and becoming law of legislation by the 89th Legislature, Regular Session, 2025, relating to providing a cost of living adjustment to eligible annuitants of the Teacher Retirement System of Texas and in addition to other amounts appropriated to the Teacher Retirement System, an amount equal to the appropriation reduction made under Item (1) of this amendment for the state fiscal biennium ending August 31, 2027, is appropriated from the general revenue fund to the Teacher Retirement System to provide a cost of living adjustment payable beginning in the state fiscal biennium ending August 31, 2027, to the annuitants of the Teacher Retirement System by multiplying the amount of the monthly benefit being paid the month before the adjustment is made by one percent and applying the adjustment to the monthly benefit otherwise required to be paid.

(4)  Adjust totals and methods of financing accordingly.