Author Archives: rvarney

29 Jul 2022
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TRTA Sets Record Straight on TRS Value to Members, Texas

Former State Representative Ron Simmons wrote an op-ed for the Dallas Morning News on July 18 entitled “Texas teachers would be better off without a pension system.” In the article, Simmons promotes the idea that a hybrid defined contribution (DC) ...

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15 Jul 2022
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TRS Board Lowers Investment Return Assumption, Comptroller Increases State’s Revenue Estimate

Executive Summary: The Teacher Retirement System of Texas (TRS) Board of Trustees voted to lower the return assumption for the pension fund from 7.25 percent to 7 percent. Additionally, the Board adopted a resolution to recognize $7 billion in gains ...

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06 Jun 2022
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House PIFS Committee Meets, Discusses a Path to a COLA for TRS Retirees 

Executive Summary: The House PIFS Committee received testimony from retirees on a COLA Chairman Anchía vowed to make a COLA a priority in the 2023 legislative session TRTA provided testimony and is advocating for a meaningful, substantial COLA for retirees ...

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