TRTA Working with Texas State Senators on Legislation
Yesterday, the Texas Retired Teachers Association (TRTA) provided an update about some of the work being done to help public education retirees this session. Great solutions are developing for the TRS-Care funding shortfall, and many legislators are looking at ways to provide possible benefit increases to annuitants of the Teacher Retirement System of Texas (TRS). […]
TRS Defined Benefit Plan Attacked
The Austin American-Statesman published an article on February 10 attacking the defined benefit plans of retired Texas public educators. James Quintero of the Texas Public Policy Foundation (TPPF) wrote the attack article. In the article, Quintero questions the funding stability of public pension plans. Quintero’s primary focus is on the pension plans run by the […]
Senate Finance Committee Hears Testimony About Pension Fund, TRS-Care
Special Update with More Details to Come! Today, February 11, the Senate Finance Committee heard testimony from the Legislative Budget Board (LBB) and the Teacher Retirement System of Texas (TRS) about the state of the TRS pension fund and the TRS-Care retiree health insurance program. While the news is good about the pension fund, concern […]
TRS Pension Fund Healthy, Actuarially Sound
The Teacher Retirement System of Texas (TRS) Board of Trustees met this week in Austin to discuss several issues, including the actuarial valuation of the pension fund. There is a lot of good news about the TRS pension fund to share with our members. TRS reported the pension fund is at a healthy $130 billion. […]
Texas Retirement System Finalizes TRS-Care Sustainability Study
The Teacher Retirement System of Texas (TRS) Board of Trustees met today (Friday, October 17) to discuss findings from the recently finalized sustainability study of the TRS-Care retiree health insurance program. The Texas Retired Teachers Association (TRTA) attended the meeting, and Executive Director Tim Lee provided public comment regarding the imminent funding gap the insurance […]
Simple Steps to Protect Your Health Care and Pension Plans
The 84th Legislative Session is still a few months away, but that doesn’t mean that members of the Texas Retired Teachers Association (TRTA) are sitting still. In fact, our members are ready to start protecting their benefits and getting the word out that their health care and pension should be top priorities in 2015! This […]
House Appropriations and Pensions Committees Meet to Discuss TRS-Care
TRTA Calls for Higher State Appropriation to Avert Drastic and Unaffordable Premium Increases for TRS-Care participants Yesterday, July 10, the Texas House Appropriations and Pensions Committees met to review the TRS-Care retiree health insurance program, among other items. The Texas Retired Teachers Association (TRTA) was invited to provide expert testimony as part of a panel […]
TRS Releases August 2013 Actuarial Valuation; Provides Update on TRS-Care
Today, November 12, 2013, the Teacher Retirement System of Texas (TRS) held a meeting to share its August 2013 actuarial valuation of the pension trust fund and to provide an update on the TRS-Care retiree health insurance program. While much of the news shared was good, a common sentiment that was shared by both actuaries […]
Cost-of-Living Increase Going Into Effect October 1
Click Here to Send Your Legislators a “Thank You!” Letter and remind them there is still much work still to be done for ALL TRS Retirees! On Tuesday, October 1, 2013, 200,000 public education retirees in Texas will receive their first permanent cost-of-living increase since 2001. This is the result of the passage of Senate […]
Breaking News! TRS Board Meets and Approves Resolution to Implement Cost-of-Living Increase
Breaking News! TRS Board Meets and Approves Resolution to Implement Cost-of-Living Increase TRTA Urges Discussion on TRS-Care The Teacher Retirement System of Texas (TRS) Board of Trustees met in Austin for their regularly scheduled meeting on Friday, July 26. Numerous items relating to the TRS pension fund, its investment performance, TRS policies and more were […]