TRS Board of Trustees Meeting: Send in Your Questions!
TRS pension benefit design and the TRS-Care health insurance program will dominate tomorrow’s TRS Board of Trustees agenda. TRTA members are encouraged to use the communication information below to send questions and comments on these two vital issues. TRS has been charged with doing a study about transitioning the defined benefit plan, as well as […]
TRS Board of Trustees to Meet in Lubbock: A Retreat-Style Meeting with a Hefty Agenda
The TRS Board of Trustees is meeting in Lubbock February 15-17. This is a regularly scheduled meeting that will cover a variety of topics. TRTA will be your voice at these important meetings. The TRS Board is placing a heavy emphasis on being visible and open with its members. The 6th largest pension plan in […]
TRS Still Under Attack, TRTA Responds to Critics
This past Sunday (February 5), the Houston Chronicle ran a guest column by Bill King suggesting that public pension plans in Texas are facing a crisis. As you have read in two recent TRTA news bulletins, it is our position that TRS Texas is not in crisis. In an effort to defend your Teacher Retirement […]
Additional News on Traditional Retirement Plans
Last week, the Board of Trustees of the Teacher Retirement System of Texas (TRS) held their regularly scheduled board meeting. A presentation comparing the traditional defined benefit retirement plan (such as the one administered by TRS) and the defined contribution plan (such as a privatized 401k) was provided by an external consulting firm. TRTA requested […]
TRS December Board of Trustees Meeting Overview
The Teacher Retirement System of Texas (TRS) held their regularly scheduled Board of Trustees meeting on December 8 and 9. TRS Investments Experience Difficult Quarter This meeting provided a substantial overview for the previous quarter and offered news that reflects market conditions from the last three months. In other words, the pension trust fund had […]
More News from TRS Board Meeting: A Look at TRS-Care Funding
The TRS Board of Trustees received some very good news about the overall condition of the pension trust fund, but the news was not as good for the TRS-Care health insurance program. The TRS prediction on the program’s fund balance sees a dramatic shift as of FY 2014. The plan is expected to be running […]
Pension Fund to Release Financial Report
TRS Trust Fund Earnings Exceed 15 percent for the year The Teacher Retirement System of Texas (TRS) holds its regularly scheduled Board of Trustees meeting this morning. Among many business items, the trustees will review their actuarial valuation update for the state fiscal year ending August 31, 2011. The report highlights the pension fund’s overall […]
TRS Board Meeting Review
No “Silver Bullet” to Fix TRS-Care Funding Fund Surplus Will Suffer Massive Shortfalls by End of Next Fiscal Year The Teacher Retirement System (TRS) Board of Trustees met for their regularly scheduled meeting in Austin this week. During the meeting, TRS trustees received a report that today’s health fund surplus is being depleted completely. This […]
Happy New (Fiscal) Year!
New State Fiscal Year Means Less for TRS, Fight over Defined Benefit Plans Looms, Anita Palmer Appointed as Retiree Representative on TRS Board After time off to recoup from a busy legislative session, the TRTA Inside Line email service is now resuming. We plan to communicate with you every other week, and more often as […]
End of Special Session, etc.
The special legislative session has ended, with the House adjourning sine die on Wednesday June 29 and the Senate doing so the day before. TRTA members have been waiting to learn the outcome of SB 1, to which Representative Larry Gonzales attached an amendment intended to provide financial relief to TRS annuitants. A conference committee […]