Cost-of-Living Increase Going Into Effect October 1

Click Here to Send Your Legislators a “Thank You!” Letter and remind them there is still much work still to be done for ALL TRS Retirees! On Tuesday, October 1, 2013, 200,000 public education retirees in Texas will receive their first permanent cost-of-living increase since 2001. This is the result of the passage of Senate […]

Breaking News! TRS Board Meets and Approves Resolution to Implement Cost-of-Living Increase

Breaking News! TRS Board Meets and Approves Resolution to Implement Cost-of-Living Increase TRTA Urges Discussion on TRS-Care The Teacher Retirement System of Texas (TRS) Board of Trustees met in Austin for their regularly scheduled meeting on Friday, July 26. Numerous items relating to the TRS pension fund, its investment performance, TRS policies and more were […]

Breaking News: Gubernatorial Action on SB 1458

Breaking News: Gubernatorial Action on SB 1458 Governor Rick Perry Signs SB 1458 into Law Over 1.3 million TRS retired and active members can rest a little easier tonight knowing that Governor Rick Perry has officially signed SB 1458, the “TRS Actuarial Soundness Bill” into law. Texas Retired Teacher Association (TRTA) members have been working […]

Awaiting Gubernatorial Action

Gubernatorial Action on SB 1458 Still Pending Governor Response to SB 1458 Due by June 16th TRTA has been in close contact with Governor Rick Perry’s office about SB 1458, the “TRS Actuarial Soundness Bill” that passed this session. The good news is that TRTA members will not have long to wait to learn if […]

TRTA Wishes You A Happy (State Fiscal) New Year!

The Texas Retired Teachers Association (TRTA) is excited to wish all retired and active school personnel in Texas a “Happy New Year!” School is back in session for our active educators and students, and now is also the time that our 259 local units begin their fall meetings. If you have not renewed your TRTA […]

VICTORY! Actuarial Soundness Bill Sent to Governor

SB 1458 Passes House Unanimously: Actuarial Soundness Bill on the Way to Governor’s Desk! CLICK HERE TO SEND A THANK YOU NOTE TO YOUR LEGISLATORS (LET’S MAKE SURE THEY HEAR US ONE LAST TIME BEFORE THE SESSION ENDS!) Today, the Texas House adopted the final changes to SB 1458 (the “TRS actuarial soundness bill”), and […]

Senate Takes Final Vote SB 1458

Senate Adopts Conference Committee Report on SB 1458! House Action Pending, Budget Debate Ongoing The Texas Senate took final action unanimously adopting the conference committee report on SB 1458. Chairman Duncan and Senate/House conferees agreed on the following provisions: Keeps the 2004 and before cost of living increase–Almost 200,000 TRS retirees slated to receive the […]

SB 1458 Conferees Named

TRTA Evening Update SB 1458 Conferees Named The Senate and House are now negotiating over the different versions of SB 1458. As you remember, the House added several amendments to the original version of SB 1458. One of those amendments added an expanded cost of living increase for TRS retirees. Other amendments provided language for […]

SB 1458 Continues to Move Through the Process

SB 1458 Continues to Progress Senate Bill 1458, the Teacher Retirement System of Texas (TRS) “actuarial soundness” bill, continues to move through the legislative process. As we mentioned in our previous update, several amendments that were added to SB 1458 as it was debated in the House of Representatives must be discussed and negotiated before […]

House Passes SB 1458 on 3rd Reading

SB 1458 Passes in the Texas House Please Click Here to Send a “Thank You” Note to your State Representative The Texas House of Representatives passed SB 1458 unanimously on third reading today. The Teacher Retirement System of Texas (TRS) “actuarial soundness” bill will now head to a conference committee, where differences between the final […]