TRS Pension and Health Care Discussion Underway
Today, during the meeting of the Board of Trustees of the Teacher Retirement System of Texas (TRS), board members began discussing plans for two studies that will be undertaken in the coming months. The Texas Legislature charged TRS with studying the fiscal and actuarial impacts of plan design change for the pension trust fund and […]
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 […]
One More Chance for Possible Payment
Contact Your Legislator Today The Texas House is debating a school funding bill today. Representative Larry Gonzales (R-Round Rock) has filed an amendment that would add the language from HB 3542 to this bill. As you will recall, HB 3542 provides an opportunity for TRS retirees to receive a supplemental payment if certain conditions are […]
Amendment Adopted!
Gonzales Amendment Adopted to SB 1 TRTA Members Push Hard and Texas House Responds Though the notice was short and time was of the essence, thousands of TRTA members sent emails and made phone calls asking the Texas House to adopt an amendment to SB 1 that provides retirees with the possibility to receive a […]
TRTA Update: Regular Over, Special Starts
Regular Session Ends, A Special Session Begins… What You Need to Know The complete TRTA recap of the 82nd Regular Legislative Session will appear in The VOICE (the TRTA quarterly publication) next month. For now, here are key highlights about the end of the regular session and what you should know about the special session […]
TRTA Action Alert – Bills Now In Senate and Need Our Support
TRTA Bills Head to the Senate Action Alert: Urge Your Senator to Bring the Bills for a Vote Three bills that TRTA pushed in the House have now been sent to the Senate for action before they can be sent to the Governor. Please Click Here to Email your Senator! We Need Their Support! HB […]
TRTA Against Defined Contribution Bill
TRTA Testifies Against Bill Creating Defined Contribution Plan The House Pensions, Investments, and Financial Services (PIFS) Committee received public testimony on HB 2506 by Representative Warren Chisum. This legislation would eliminate the defined contribution for the future TRS employees, it would allow current active TRS members the ability to withdraw from the current defined benefit […]
Bill Eliminating TRS DB Plan Heard Next Week
Defined Benefit Plan Under Attack Legislative Plan Calls for the End of TRS Benefit as We Know It The House Committee on Pensions, Investments and Financial Services (PIFS) will have a public hearing on HB 2506, a bill that calls for the elimination of the state defined benefit plan provided for employees of the Texas […]
TRS Pension Fund Soars Above $108 Billion
TRS Pension Fund Soars Above $108 Billion Benefits Guaranteed Through 2083 TRTA ACTION ALERT – CLICK HERE TO SEND AN EMAIL TO LEGISLATORS ABOUT PROTECTING YOUR PENSION AND HEALTH CARE BENEFITS. The Teacher Retirement System of Texas (TRS) released its February 28, 2011 valuationtoday. This report takes a snapshot of the fund’s value and provides […]
TRTA Inside Line Update on Defined Contribution
TRS Employees Should NOT have Been in Bill, says Representative Sheets House Bill 1974, filed by State Representative Kenneth Sheets (R, HD-107), calls for all new public employees (including active school employees) hired after September 1, 2012 to participate in a defined contribution plan rather than the current defined benefit plan. TRTA has spoken with […]