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 […]
Is TRS Really Reducing Their Assumed Rate of Return on the TRS Investments? What Does that Mean to Me?
As members of the Texas Retired Teachers Association (TRTA) may have read recently in an Inside Line article, the Teacher Retirement System of Texas (TRS) Board of Trustees is considering changing the rate of return assumption for the pension fund that provides retirement income for Texas public education retirees. TRTA has heard from many members […]
TRS Board of Trustees to Meet February 14-16, Primary Election Update
The Teacher Retirement System of Texas (TRS) Board of Trustees will meet next week in Edinburg, Texas for its annual retreat. The Texas Retired Teachers Association (TRTA) reported on the significance of this meeting in December 2017 when the board discussed the agency’s actuarial valuation. At the time, TRS reported that the pension fund exceeded […]
TRS News and Primary Election Update
The Texas Retired Teachers Association (TRTA) has heard from many members lately regarding changes to the TRS-Care retiree health insurance plan, as well as changes in monthly annuity amounts and IRS implications for tax returns. Below are some answers to the most frequently asked questions TRTA has received. Annuity Letters The Teacher Retirement System of […]
Online Convention Registration Open
The Texas Retired Teachers Association (TRTA) will host its 65th annual convention at the La Cantera Resort and Spa, located at 16641 La Cantera Parkway in San Antonio. The convention will take place from April 8-10. You can register online here. Convention registration is $40, not including additional events. Use the following steps to register […]
TRS-Care Premiums Schedule and Gearing Up for the Texas Primaries
TRS-Care, the state-run health insurance for retired Texas educators, saw significant changes to its plan structure and premium rates in 2017. The changes occurred in both the Texas Legislature’s regular session and the following 30-day special session. For many retirees, these changes included an increase in premium costs to ensure the health care program stayed […]
TRS Board Meets, Reviews Actuarial Valuation and TRS-Care Changes
The Teacher Retirement System of Texas (TRS) held a Board of Trustees meeting today to discuss the annual actuarial valuation, as well as the implementation of its changes to the retiree health care program, TRS-Care. The annual actuarial valuation stands as important point for TRS to review and evaluate the pension fund’s performance. The pension […]
TRS Board Meets, Will Review Actuarial Valuation Tomorrow
Today, the Teacher Retirement System (TRS) Board of Trustees held its first of two days of meetings. The meetings allow the opportunity for presentations and public comment to made to the TRS Board of Trustees. The Board received presentations today on the investment environment, TRS’s team-building program, TEAM, and an update from its Executive Director, […]
TRS-Care Insurance Cards on the Way
The Texas Retired Teachers Association (TRTA) has received several phone calls and messages this morning after an email was sent out last night regarding TRS-Care. Specifically, members have been calling to request more information about TRS-Care insurance cards for the coming plan year, which begins on January 1, 2018. The information that was reported last […]