Tim Lee to “Unbox” THE VOICE on Facebook and YouTube This Thursday at 1:30 PM
Correction: The video will go on THURSDAY, MARCH 11 at 1:30 PM. A previous version stated an incorrect date and time. We look forward to seeing you at the correct date and time! Also, expect an Inside Line about today’s Pensions Committee meeting this afternoon! The newest edition of THE VOICE is on its way […]
House Appropriations Subcommittee on Article III Meets, TRTA Asks Appropriators to Support a Cost-of-Living Increase for TRS Retirees
Executive Summary TRTA commends budget leaders for remaining steadfast to funding the TRS solvency plan passed last session. Today, the TRS pension fund is actuarially sound. More than half of all current TRS retirees have never received a pension increase. A TRS member who retired after September 1, 2004 has gone 17 years with no […]
TRTF Asks for Donations to Disaster Relief Program Due to Winter Storm Uri
The Texas Retired Teachers Foundation (TRTF) would like to remind everyone that there is a foundation program designated specifically to help those Teacher Retirement System of Texas (TRS) members who have been affected by natural disasters in our state. Last week, millions of Texans suffered record-breaking low temperatures and suffered without electricity, heat, and running […]
House Appropriations Committee Discusses TRS Funding
Executive Summary This is the second update in a two-part series covering Senate and House budget plans for TRS this session. TRS reported to the House Appropriations Committee The TRS pension fund is actuarially sound, which opens the door for a COLA TRTA believes TRS members can and should receive a COLA TRS has been […]
Senate Finance Meets, Discusses Funding for TRS and Potential COLA for Retirees
Executive Summary: This is the first update in a two-part series covering Senate and House budget plans for TRS this session. The TRS fund has met the standard for actuarial soundness! Any cost-of-living increase will have to go through the Texas Legislature. The TRS-Care fund won’t require additional funding this session. TRS is seeking to […]
TRTF Offers Assistance for Disaster Relief
The Texas Retired Teachers Association (TRTA) and Texas Retired Teachers Foundation (TRTF) are thinking of its members during this time of need. We know many of you have suffered greatly under the effects of the winter storm. The storm has caused more than four million Texans to lose power, and many have lost access to […]
Teacher Retirement System of Texas Set to Testify to Legislative Committees
The Teacher Retirement System of Texas (TRS) has two Texas Legislature committee hearings scheduled within the next 10 days. TRS will testify to the House Appropriations Committee on Feb. 17 and the Senate Finance Committee on Feb. 22. The Texas Retired Teachers Association (TRTA) supports full funding SB 1. SB 1 is the state funding […]
Legislative Leaders File Base Budget Bill, Includes Increased Funds for TRS
TRTA Members Are Making the Difference! On Thursday, January 21, 2021, legislative leaders introduced base budget bills in both the Texas Senate and House. While the Texas Retired Teachers Association (TRTA) is still reviewing all aspects of these bills, there is very good news about funding for the Teacher Retirement System of Texas (TRS) in […]
Texas Legislature Senate Committees Named
On Jan. 15, Lt. Gov. Dan Patrick named the Senate committees. Key committees for Teacher Retirement System of Texas (TRS) issues are the Senate Finance, Senate State Affairs, and Senate Education committees. The Senate also adopted rules for the legislative session. A new rule will require an 18-vote threshold for bringing a bill to the […]
Texas Sunset Commission Recommends Changes for TRS, Including Disclosure of Staff Bonuses
Executive Summary: The Texas Sunset Commission adopted its final report recommending and requiring changes to the TRS based on more than a year of investigation and public input Legislation will be filed to: require TRS to develop a communication and outreach plan to help repair the relationship between TRS and its members and to respond […]