Looking Back, TRTF Assisted Retirees in the Aftermath of Hurricane Harvey
The Texas Retired Teachers Foundation (TRTF) is a charitable organization dedicated to helping active and retired school employees. One year ago, Aug. 25, 2017, Hurricane Harvey hit the Gulf Coast of Texas and devastated thousands of lives. Among those lives was Diane Brady, a retired educator whose roof was ripped apart during the storm. Brady […]
Lt. Gov. Dan Patrick and State Senator Joan Huffman Pen Letters Requesting TRS Avoid Raising TRS-Care Premiums
The Lieutenant Governor of Texas, Dan Patrick, sent a letter to the Teacher Retirement System (TRS) Board of Trustees regarding the retiree health care program, TRS-Care. Patrick is asking the TRS Board not to raise retiree premiums for TRS-Care. This letter was bolstered by a similar letter from Senator Joan Huffman (R – Houston), Chairman […]
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 […]
Texas Primary Runoff Races to Watch!
A Letter From TRTA Executive Director Tim Lee: Dear TRTA members, supporters and friends, The information you have below is a great explanation of why you should vote and where you can find information about candidates. Many people who see this information may feel incredibly frustrated. Many people just want one simple answer to the […]
Primary Runoff Elections: Last Day to Register to Vote is TODAY!
The Texas Retired Teachers Association (TRTA) and its members know the tremendous value their vote has in every election, especially the Primary Election. Now, we are nearing a critical voting time as runoff elections for the Primary Election are set to begin soon. There are several key races that TRTA knows will be critical, and […]
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 […]