Senate Finance Committee to Discuss TRS-Care Funding Shortfall: ACTION ALERT INCLUDED
This Wednesday, February 11, the Senate Finance Committee will meet to discuss the imminent funding shortfall facing the TRS-Care retiree health insurance program. The Teacher Retirement System of Texas (TRS) will report that this shortfall has reached $768 million. As you may know already, if nothing is done by the Texas Legislature to address this […]
Texas House Names Committee Members, Movement on the Equal Treatment of Public Servants Act
The Texas Retired Teachers Association (TRTA) continues to address major legislative initiatives during the 84th Texas Legislature. Our initiatives include funding the TRS-Care health insurance program‘s nearly $750 million shortfall. TRTA is also protecting the Teacher Retirement System of Texas (TRS) defined benefit pension plan and the provisions and contributions put into place in 2013 […]
Texas Senate Names Committee Members
The Texas Retired Teachers Association (TRTA) is busy addressing our major legislative initiatives during the 84th Texas Legislature. These initiatives include addressing the nearly $750 million shortfall facing the TRS-Care health insurance program. TRTA is also focused on protecting the Teacher Retirement System of Texas (TRS) defined benefit pension plan, which was made actuarially sound […]
TRTA Legislative Roundtable Half-hour Special
In preparation for the 2015 Texas Legislature, we gathered the most knowledgeable legislative minds within the Texas Retired Teachers Association (TRTA) to discuss TRTA’s goals. The following conversation is an extensive look into the issues surrounding TRS-Care. The 84th Texas Legislature convenes Jan. 13 at noon. The video is a half-hour long, so if you […]
Season’s Greetings from the Texas Retired Teachers Association!
The Texas Retired Teachers Association (TRTA) wishes all of our members and friends a very happy, healthy holiday season! We are so grateful to have your support, positive action and enthusiasm as we move forward into what is sure to be an exciting, productive year. While we must face many challenges, particularly as we address […]
The Latest TRTA News: Social Security Update, TRS-Care Letters Pouring In
Members of the Texas Retired Teachers Association (TRTA) attended a press conference this week hosted by Congressman Kevin Brady in the Houston area. As you may have read in a recent Inside Line article, Representative Brady recently introduced H.R. 5697, the Equal Treatment of Public Servants Act. The bill, if passed, would repeal the Social […]
TRTA Reviews Final TRS-Care Sustainability Study
The Teacher Retirement System of Texas (TRS) finalized its sustainability study of the TRS-Care retiree health insurance program last week. Earlier this year, the Texas Retired Teachers Association (TRTA) reviewed the possible options as the study progressed and received feedback from thousands of our members. TRS-Care is facing a funding shortfall of nearly $750 million, […]
TRTA Wishes You a Happy Thanksgiving
Dear Inside Line Subscribers, I love the Thanksgiving holiday. Of course, I love being with family, enjoying the food and watching football! As we begin to celebrate the Thanksgiving holiday at TRTA, I wanted to let you know that we have finished our update on the TRS-Care Sustainability Study and will send it out on […]
TRS Pension Fund Healthy, Actuarially Sound
The Teacher Retirement System of Texas (TRS) Board of Trustees met this week in Austin to discuss several issues, including the actuarial valuation of the pension fund. There is a lot of good news about the TRS pension fund to share with our members. TRS reported the pension fund is at a healthy $130 billion. […]
Federal Legislation to Repeal Windfall Elimination Provision (WEP) Introduced
Last week, two members of Congress, Representative Kevin Brady of Texas and Representative Richard Neal of Massachusetts, introduced H.R. 5697, the Equal Treatment of Public Servants Act. The bill, if passed, would repeal the Social Security Windfall Elimination Provision (WEP), and replace it with a more fair formula helping those who have been impacted by […]