{"id":2625,"date":"2017-03-09T13:10:40","date_gmt":"2017-03-09T19:10:40","guid":{"rendered":"https:\/\/trta.org\/?p=2625"},"modified":"2017-03-09T13:10:40","modified_gmt":"2017-03-09T19:10:40","slug":"texas-senate-receives-testimony-from-laura-and-john-arnold-foundation-vice-president-josh-mcgee","status":"publish","type":"post","link":"https:\/\/trta.org\/es\/texas-senate-receives-testimony-from-laura-and-john-arnold-foundation-vice-president-josh-mcgee\/","title":{"rendered":"Texas Senate Receives Testimony From Laura and John Arnold Foundation Vice-President, Josh McGee"},"content":{"rendered":"

The Texas Senate\u2019s Committee on Nominations received testimony today from Josh McGee, who serves as the chair of the Pension Review Board (PRB).<\/p>\n

McGee was appointed by Governor Greg Abbott to chair the board<\/a> in November 2015, and has since been working in that role. The Committee on Nominations\u2019 purpose is to decide whether or not to approve Abbott\u2019s nominations to a variety of boards and commissions throughout the state.<\/p>\n

McGee received many questions from the committee about his role as Vice-President of the Laura and John Arnold Foundation<\/a>. The Laura and John Arnold Foundation is a Houston-based nonprofit, which is primarily supported by former Enron executive and hedge fund manager, John Arnold. Chief among the Foundation\u2019s goals is public pension reform<\/a>, with an emphasis on converting public workers to defined contribution plans.<\/p>\n

The Teacher Retirement System of Texas (TRS) is a defined benefit plan, and changing it to a defined contribution plan could severely damage benefits for Texas public education retirees. DB plans promise a benefit for life, while the benefits available through DC plans can be outlived. Because 95 percent of Texas school employees do not pay into the federal Social Security program, the TRS DB plan is often their only form of financial security in retirement.<\/p>\n

In his testimony to the Senate, McGee said he does not hold any preferences on pension plan design.<\/p>\n

\u201cAny type of plan can be designed well or designed poorly,\u201d McGee said. \u201cWe want benefit plans that provide workers a secure retirement.\u201d<\/p>\n

However, McGee has written many op-eds for the Manhattan Institute, a public policy think-tank. In his op-eds<\/a>, McGee has shown a strong, consistent preference for defined contribution plans.<\/p>\n

Sen. Brian Birdwell (R-Granbury) questioned McGee about his work and how it might impact his recommendations to the state. Birdwell expressed that many of his constituents, primarily retired teachers, police and firefighters, had a \u201cdistinct concern\u201d about McGee\u2019s appointment.<\/p>\n

When asked about his ability to separate his work for the Manhattan Institute and the Pension Review Board McGee said, \u201cThe expertise I use is the same for both sides\u2026 My positions are consistent.\u201d<\/p>\n

TRS will be up for review from the Sunset Commission in 2019. The Sunset Commission is responsible for deciding whether to keep open Texas agencies or to combine them with other state agencies. The sunset review may provide the perfect time for defined contribution proponents to lay claim to changing TRS\u2019s plan design.<\/p>\n

TRTA and our members must stay vigilant in protecting the TRS defined benefit plan. Since its creation, TRS has never once missed a payment to its annuitants, and we need to keep it that way!<\/p>\n

When McGee was announced as the appointment to the Pension Review Board, TRTA expressed its opposition. Based on today\u2019s conversation, it is extremely likely that McGee will be approved as the nomination to the PRB.<\/p>\n

We will continue to monitor and update McGee\u2019s appointment as it continues to develop. We would also like to thank senators Joan Huffman (R-Houston), Kirk Watson (D-Austin), Jose Menendez (D-San Antonio), and Borris Miles (D-Houston) for questioning Josh McGee about his position on sustaining defined benefit plans and his role on the PRB.<\/p>\n

The March is On to the 64th<\/sup> Annual TRTA Convention<\/strong><\/p>\n

Members of the Texas Retired Teachers Association (TRTA) from all over the state will be visiting Austin March 27-28 for TRTA\u2019s 64th<\/sup> Annual Convention.<\/p>\n

Plans are being finalized for two fun-filled, productive days in Austin, where members will all work toward the same goal: Teamwork! This year\u2019s convention theme, Teamwork is Key, is the perfect sentiment to match TRTA\u2019s drive to succeed as we march forward during this challenging legislative session!<\/p>\n

There is no better time to be in Austin! The Texas Legislature is in regular session, discussing the TRS-Care health insurance program and ways to protect the longevity of benefits for our public education retirees and pre-retirees.<\/p>\n

The convention will be held at the Hilton on 500 E. 4th<\/sup> Street. Early registration for the convention is now closed. Late registration (on-site) will be available beginning Monday, March 27 at 10:00 a.m. The late registration fee is $45.<\/p>\n

TRTA 64th<\/sup> Annual Convention Schedule <\/strong><\/p>\n

TRTA is pleased to release the convention\u2019s schedule of events<\/a>.<\/p>\n

Monday, March 27, 2017<\/strong><\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n
10 AM – 6 PM<\/td>\nDelegate Certification\/Registration \u2022 6th Floor, Salon JK Foyer<\/td>\n<\/tr>\n
10 AM – 6 PM<\/td>\nExhibits \u2022 6th Floor, Salon JK<\/td>\n<\/tr>\n
10 AM<\/td>\nTRTA Officers Meeting \u2022 4th Floor, Room 401<\/td>\n<\/tr>\n
12 – 1 PM<\/td>\nTexas Retired Teachers Foundation Trustees Meeting \u2022 4th Floor, Room 400<\/td>\n<\/tr>\n
12 – 1 PM<\/td>\nFacilitators Meeting \u2022 4th Floor, Room 402<\/td>\n<\/tr>\n
2:30 – 3:30 PM<\/td>\nTRTA Board of Directors Meeting \u2022 4th Floor, Room 400<\/td>\n<\/tr>\n
3:45 – 4:30 PM<\/td>\nTRTA District Presidents Meeting \u2022 4th Floor, Room 400<\/td>\n<\/tr>\n
4:45 – 5:45 PM<\/td>\nDistrict Caucus Meetings \u2022 4th Floor and 6th Floor, see page 5<\/td>\n<\/tr>\n
5:30 – 6:30 PM<\/td>\nSocial Hour \u2022 6th Floor, Salon G Foyer<\/td>\n<\/tr>\n
6:30 PM<\/td>\nStart Seating for Dinner \u2022 6th Floor, Salon FGH<\/td>\n<\/tr>\n
7 PM<\/td>\nWelcome & Awards Dinner \u2022 6th Floor, Salon FGH<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Tuesday, March 28, 2017<\/strong><\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
8 AM – 12 PM<\/td>\nDelegate Certification\/Registration \u2022 6th Floor, Salon JK Foyer<\/td>\n<\/tr>\n
8 AM – 5 PM<\/td>\nExhibits \u2022 6th Floor, Salon JK Foyer<\/td>\n<\/tr>\n
8 – 9:15 AM<\/td>\nTexas Retired Teachers Foundation Breakfast \u2022 4th Floor, Salon ABC<\/td>\n<\/tr>\n
9:30 – 10:30 AM<\/td>\nBreakout Sessions I \u2022 4th Floor and 6th Floor, see Breakout Sessions Schedule<\/td>\n<\/tr>\n
10:45 – 11:45 AM<\/td>\nBreakout Sessions II \u2022 4th Floor and 6th Floor, see Breakout Sessions Schedule<\/td>\n<\/tr>\n
12 – 1:30 PM<\/td>\nLegislative Luncheon \u2022 4th Floor, Governor\u2019s Ballroom<\/td>\n<\/tr>\n
2 PM – TBD<\/td>\nHouse of Delegates \u2022 6th Floor, Salon FGH<\/td>\n<\/tr>\n
TBD<\/td>\nBreak (20 minutes) \u2022 6th Floor, Salon FGH Foyer<\/td>\n<\/tr>\n
TBD<\/td>\nLegislative Session \u2022 6th Floor, Salon FGH<\/td>\n<\/tr>\n
TBD<\/td>\nTreasurer Q & A \u2022 6th Floor, Salon FGH<\/td>\n<\/tr>\n
TBD<\/td>\nTRTA Board of Directors Meeting \u2022 6th Floor, Room 602<\/td>\n<\/tr>\n
<\/td>\nDinner on your own<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Below please see a list of all training and information sessions available on Tuesday, March 28:<\/p>\n\n\n\n\n\n\n\n\n\n\n\n
BREAKOUT SESSIONS SCHEDULE<\/strong><\/p>\n

Session I \u2022 9:30 \u2013 10:30 AM<\/strong><\/p>\n

President \u2022 4th<\/sup> Floor, Room 406<\/td>\n<\/tr>\n

Second Vice-President\/Public Relations \u2022 4th<\/sup> Floor, Room 412<\/td>\n<\/tr>\n
Historian \u2022 6th<\/sup> Floor, Room 615 B<\/td>\n<\/tr>\n
Local Unit Support \u2022 4th<\/sup> Floor, Room 404<\/td>\n<\/tr>\n
Informative and Protective Services \u2022 4th<\/sup> Floor, Room 416 B<\/td>\n<\/tr>\n
Local Unit Treasurer \u2022 4th<\/sup> Floor, Room 410<\/td>\n<\/tr>\n
Texas Retired Teachers Foundation \u2022 6th<\/sup> Floor, Room 615 A<\/td>\n<\/tr>\n
Teacher Retirement System of Texas (TRS) Information Session \u2022 6th<\/sup> Floor, Room 602<\/td>\n<\/tr>\n
Health and Human Services\u2013Aging Service Coordination \u2022 4th<\/sup> Floor, Room 408<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Session II \u2022 10:45 \u2013 11:45 AM<\/strong><\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n
First Vice\u2013President\/Membership \u2022 4th<\/sup> Floor, Room 406<\/td>\n<\/tr>\n
Secretary \u2022 4th<\/sup> Floor, Room 404<\/td>\n<\/tr>\n
District Treasurer \u2022 6th<\/sup> Floor, Room 615 B<\/td>\n<\/tr>\n
Retirement Education \u2022 4th<\/sup> Floor, Room 410<\/td>\n<\/tr>\n
Community Volunteer Service \u2022 4th<\/sup> Floor, Room 408<\/td>\n<\/tr>\n
Member Benefits \u2022 4th<\/sup> Floor, Room 412<\/td>\n<\/tr>\n
Health Care \u2022 4th<\/sup> Floor, Room 416 B<\/td>\n<\/tr>\n
Utilizing Google Drive Applications \u2022 6th<\/sup> Floor, Room 615 A<\/td>\n<\/tr>\n
Texas Retired School Administrators Annual Meeting \u2022 6th<\/sup> Floor, Room 616 A<\/td>\n<\/tr>\n
Atria: Better This Year \u2022 6th<\/sup> Floor, Room 602<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

TBD (After House of Delegates)<\/strong><\/p>\n

*Legislative \u2022 6th<\/sup> Floor, Salon FGH<\/p>\n

*Treasurer Q & A \u2022 6th<\/sup> Floor, Salon FGH<\/p>\n

*Please note, at the conclusion of the House of Delegates on Tuesday, March 28, Legislative Committee Chairman Bill Barnes will host a legislative training session for all who wish to attend. This is a great opportunity to get updates on the 85th<\/sup> Legislative Session, learn the progress of any bills that have been filed, and learn techniques to help you advocate during TRTA\u2019s Day at the Capitol event on March 29. Following the legislative training session will be a Q & A for district and local unit treasurers.<\/p>\n

We look forward to seeing our members in Austin March 27-28 for convention, as well as for TRTA Day at the Capitol<\/a> on March 29. TRTA will release more information about Day at the Capitol in tomorrow\u2019s L\u00ednea interior<\/em>.<\/p>\n

Gracias<\/strong><\/p>\n

Gracias por su membres\u00eda en TRTA. Estamos luchando ardientemente por sus beneficios todos los d\u00edas en el Capitolio. Si a\u00fan no es miembro de TRTA, por favor \u00fanete aqu\u00ed<\/a>Aseg\u00farese de leer nuestras Preguntas frecuentes completas sobre TRS-Care aqu\u00ed<\/a>.<\/p>\n

Aseg\u00farate de Danos like en facebook<\/a>, S\u00edganos en Twitter<\/a> y suscr\u00edbete a nuestro canal de youtube<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

The Texas Senate\u2019s Committee on Nominations received testimony today from Josh McGee, who serves as the chair of the Pension Review Board (PRB). McGee was appointed by Governor Greg Abbott to chair the board in November 2015, and has since been working in that role. 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