Members of the Texas Retired Teachers Association (TRTA) heard from Executive Director Tim Lee on Friday about a potential cost-of-living adjustment (COLA)! Now is the time to take action on this important issue.
The following bills request a 6 percent increase for retirees and need as many co-sponsors as possible:
- SB 2092 – Sen. Hughes
- HB 3214 – Rep. Capriglione
- HB 3206 – Rep. Herrero
TRTA members have spent years advocating for an improved funding policy on the Teacher Retirement System of Texas (TRS) and legislators have responded. The door for a COLA is open! TRS has the financial ability to fund a COLA because the Texas Legislature followed through on promises made in 2019.
TRS retirees have not received a permanent annuity increase since 2013, and that COLA applied only to retirees who retired on or before August 31, 2004.
The annual payout for the COLA is less than one-third of what TRS pays out in external investment management fees and is about two-tenths of 1 percent of the value of investments and that amount decreases each year.
Help us pass COLA legislation by contacting your legislators! Ask them to be a co-sponsor by using our action alert.
RSVP to Zoom to the Capitol Today!
For now, please be sure to RSVP by clicking this link. Your RSVP ensures you will receive the Zoom meeting links for all live TRTA events being hosted during the week of April 5 and any virtual advocacy materials you may need!
To RSVP, please log in using your TRTA Member ID number (found on the back of The VOICE) and password. For most users, your password is trta123 (all lowercase, no spaces). If you need assistance resetting your password, please contact the membership department at email@example.com or call 1.800.880.1650.
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