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 […]
Senate Finance Committee Discussing TRS-Care Tomorrow!
The Senate Finance Committee is meeting tomorrow, February 11, at 9 a.m. to discuss the $768 million shortfall facing the TRS-Care health insurance program. You can watch the meeting via the Legislature’s website. The Legislative Budget Board (LBB) provided a short report today at the House Appropriations Committee meeting. Tomorrow, the Teacher Retirement System of […]
Senate Finance Committee to Discuss TRS-Care Funding Shortfall: ACTION ALERT INCLUDED
This Wednesday, February 11, the Senate Finance Committee will meet to discuss the imminent funding shortfall facing the TRS-Care retiree health insurance program. The Teacher Retirement System of Texas (TRS) will report that this shortfall has reached $768 million. As you may know already, if nothing is done by the Texas Legislature to address this […]
Texas House Names Committee Members, Movement on the Equal Treatment of Public Servants Act
The Texas Retired Teachers Association (TRTA) continues to address major legislative initiatives during the 84th Texas Legislature. Our initiatives include funding the TRS-Care health insurance program‘s nearly $750 million shortfall. TRTA is also protecting the Teacher Retirement System of Texas (TRS) defined benefit pension plan and the provisions and contributions put into place in 2013 […]
Texas Senate Names Committee Members
The Texas Retired Teachers Association (TRTA) is busy addressing our major legislative initiatives during the 84th Texas Legislature. These initiatives include addressing the nearly $750 million shortfall facing the TRS-Care health insurance program. TRTA is also focused on protecting the Teacher Retirement System of Texas (TRS) defined benefit pension plan, which was made actuarially sound […]
TRTA Legislative Roundtable Half-hour Special
In preparation for the 2015 Texas Legislature, we gathered the most knowledgeable legislative minds within the Texas Retired Teachers Association (TRTA) to discuss TRTA’s goals. The following conversation is an extensive look into the issues surrounding TRS-Care. The 84th Texas Legislature convenes Jan. 13 at noon. The video is a half-hour long, so if you […]
The Latest TRTA News: Social Security Update, TRS-Care Letters Pouring In
Members of the Texas Retired Teachers Association (TRTA) attended a press conference this week hosted by Congressman Kevin Brady in the Houston area. As you may have read in a recent Inside Line article, Representative Brady recently introduced H.R. 5697, the Equal Treatment of Public Servants Act. The bill, if passed, would repeal the Social […]
TRTA Reviews Final TRS-Care Sustainability Study
The Teacher Retirement System of Texas (TRS) finalized its sustainability study of the TRS-Care retiree health insurance program last week. Earlier this year, the Texas Retired Teachers Association (TRTA) reviewed the possible options as the study progressed and received feedback from thousands of our members. TRS-Care is facing a funding shortfall of nearly $750 million, […]
Texas Election Recap, Time to Get Ready for the 84th Legislative Session!
Yesterday was Election Day in Texas. Texans elected a new Governor and a new Lieutenant Governor, as well as multiple new State Senators and Representatives and other elected officials. (For a complete list of election results, please visit this link). Legislators who have served before and those who have just been elected for the first […]
Senate Finance Committee Meets to Discuss TRS Funding
The Senate Finance Committee met at the Capitol building in Austin yesterday to consider the current status and funding needs of several state agencies and programs for the next biennium. The committee heard invited testimony from the Legislative Budget Board (LBB), which provided presentations about major cost drivers for the state budget. The Teacher Retirement […]