TRS Executive Director Search Update
Last Thursday (January 13), the TRS executive director search committee met to advance names for interview for the TRS Executive Director position. Since the last update on this issue, three of the top five candidates set to interview for the Executive Director position withdrew their names from consideration. The selection committee has now advanced three […]
Budget Proposal will Likely Cut TRS Funding
TRS Defined Benefit Plan Under Fire Legislators are struggling with how to address the projected $20 billion plus budget deficit. State Representative Jim Pitts (R-District 10) has said the state budget bill will be presented for the first time next Tuesday (January 18), and the House will have a chance to discuss the proposal […]
First Day of the 82nd Legislative Session
Start of 82nd Legislative Session is Like the First Day of School Now that we are in session, it’s time to get down to business Education Process is the Core of TRTA Action Just as the 82nd Legislative Session begins in Austin, the education process that is vital to TRTA’s success must continue. The reality […]
Letter from TRS Required by Federal Law
The recently passed Patient Protection and Portability Act, or the new federal health care initiative, is providing some reimbursement to the TRS-Care program. Approximately $47 million has been paid to the Teacher Retirement System of Texas (TRS) as the plan sponsor for the TRS-Care program. When the federal health insurance plan was passed, a special […]
TRS to Pay Employee Bonuses
$9.7 Million for Investment Staff The Teacher Retirement System of Texas (TRS) announced today that its investment performance exceeded benchmark expectations to the extent necessary for investment staff to receive their contractual bonus pay. This includes bonus payouts for fiscal years 2009 and 2010. The TRS pension fund earned 12.57 percent for the Plan Year […]
Senate State Affairs Committee Gets Update on TRS
TRTA Testifies on Issues that Matter to You The Senate State Affairs Committee is charged with oversight of the Teacher Retirement System of Texas (TRS). Yesterday the committee held a hearing on the status of the pension and health insurance trust funds. Senator Robert Duncan, Chairman of the Senate State Affairs Committee, was unable to […]
Education is Key Now that Election Day is Over
TRTA Legislative Outreach Effort is Critical With more than 20 new Texas House members elected yesterday, TRTA members need to work swiftly to educate them on our legislative agenda. This is especially true when many elected officials are hearing bad news about public pension plans. The Teacher Retirement System of Texas (TRS) is clearly in […]