Senate Finance Committee Addresses TRS Funding
TRTA Calls on Senate to Restore Funding Cuts Senators Respond with Comments in Support of Higher TRS Funding TRTA testified in Texas Senate Finance Committee about the proposed TRS budget cuts. As TRTA members know, both Senate and House versions of the Texas legislative budget proposal suggests cutting the state contribution to the TRS pension […]
Pensions Committee Update–February 22, 2011
TRTA Advocates for Protection of the Pension Trust and Retiree Health Care House PIFS Committee Told Care Premiums May be on the Rise The House Pensions, Investments, and Financial Services (PIFS) committee met today to hear invited testimony from state, county, and municipal pension fund directors, as well as to receive invited testimony from many […]
House Pensions Committee Meeting Tomorrow
The House Pensions, Investments, and Financial Services (PIFS) Committee will conduct its first meeting tomorrow, February 22, 2011. Representative Vicki Truitt returns as Chairwoman for the PIFS Committee. TRTA has been invited to share some brief comments on the issues most important to our members this session. Tim Lee, TRTA Executive Director, will represent TRTA […]
House Appropriations to Discuss TRS Budget Today
TRTA to Testify on Need for Pension and Health Care Funding TRTA members have already sent more than 15,000 emails to legislators this session. Now, TRTA volunteers and staff are preparing to testify in the House Appropriations Subcommittee on Education today (Monday, February 14). This subcommittee will analyze the TRS budget request. TRTA will report […]
TRTA Legislative Update: Keep TRS a Defined Benefit Plan
TRTA Week in Review Public Pension Funds Still Under Attack “Texas Pension funds are in better shape than anywhere else….” This is a recurring sentiment that we are hearing about your TRS pension trust fund as the legislative process revs up. What is also revving up is the attitude that a defined benefit traditional […]
Legislative Budget Board Report on State Budget
TRS Benefit Reductions for Future, No Help in the Present The Texas Legislative Budget Board (LBB) has released recommendations on how to address the state budget deficit. The entire report can be downloaded by clicking here. LBB’s report on the Teacher Retirement System of Texas (TRS) and the Employee Retirement System of Texas (ERS) indicates […]
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 […]
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 […]