Senate State Affairs Meets, Discusses SB 12
SB 12 receives hearing in Senate State Affairs Senator Huffman is working closely with the House to provide a long-term funding plan for the retirement system Without a stable funding plan for TRS, the pension plan’s unfunded liability will continue to increase, making a true cost-of-living increase impossible Executive Director Tim Lee testified in […]
Special Message About TRS Changing Rate of Return Assumption
Dear TRTA Members, The major action by the Board of Trustees to lower their investment rate of return assumption from 8 percent to 7.25 percent will shape our state’s public policy on TRS for years to come. TRTA is grateful to all the TRS Trustees for their long deliberation of this issue. This decision did […]
Teacher Retirement System of Texas Votes 5-4 to Lower Rate of Return Assumption
All eyes turn to next session as pension and health care programs both need higher contribution levels. Executive Summary: TRS lowers rate of return assumption to 7.25 percent. Change to rate of return assumption doesn’t impact current retiree benefits. However, it will require the Legislature to provide additional funding for retirees to receive a cost-of […]
TRS Board of Trustees Set to Meet July 26-27, Likely to Adopt Changes to Rate of Return Assumption
Executive Summary: Watch the TRS Board of Trustees Meeting on July 27. TRS Board is likely to reduce rate of return assumption. Texas will need to increase its contribution to TRS to ensure retirees can receive a cost-of-living increase. The Teacher Retirement System of Texas (TRS) Board of Trustees are scheduled to meet on July […]
Texas House Pensions Committee Meets, Discusses Funding For TRS-Care and TRS Pension Plan
The Texas House Pensions Committee met yesterday in Dallas to discuss the status of the Teacher Retirement System’s (TRS) pension plan and TRS-Care. The committee reviewed the changes that occurred last session to TRS-Care and discussed the funding issues surrounding the retiree health care program, which is expected to have a shortfall in excess of […]
House Pensions Committee to Meet in Dallas May 10
House Pensions Committee to Meet in Dallas May 10 The Texas House Pensions Committee is scheduled to meet in Dallas on Thursday, May 10 and will discuss a variety of issues pertinent to Texas public education retirees. The Texas Retired Teachers Association (TRTA) encourages any and all members living in the Dallas area to attend […]
TRS Board Meets, Votes on Rate of Return Assumption
The Teacher Retirement System of Texas (TRS) Board of Trustees met today to discuss changing the rate of return assumption for the pension fund. The TRS Board of Trustees took two votes on changing the rate of return assumption. Neither vote passed. As a result, the board will postpone voting on the issue again until […]
TRS Board Holds Committee Meetings, Committee Recommends Changes to TRS-ActiveCare
The TRS Board of Trustees held committee meetings today. The five TRS Board committees discussed issues relevant to the full meeting tomorrow. The most pressing issue concerning TRS retirees is a change to the rate of return assumption, which was not discussed today, but will be voted on during tomorrow’s meeting. As previously reported, TRS […]
TRS Board to Meet April 19-20, Discuss Changes to Rate of Return Assumption
The Teacher Retirement System of Texas (TRS) Board of Trustees will meet April 19-20. The Board is set to take a vote on changing the rate of return assumption, a critically important factor in determining future cost-of-living adjustments for retired educators. You can watch the Board meeting here. The Board is expected to vote on […]
Senate State Affairs Committee Meets, Discusses Future of TRS Pension Plan
Sign TRTA’s Petition requesting the Texas Legislature to fully fund the TRS Pension Plan! The Texas Senate State Affairs Committee met on April 4 to discuss the state of public pension systems, including the Teacher Retirement System of Texas (TRS) pension plan. Senators received testimony from the Executive Directors of several state agencies, as well […]