{"id":2663,"date":"2017-01-19T14:17:33","date_gmt":"2017-01-19T20:17:33","guid":{"rendered":"https:\/\/trta.org\/?p=2663"},"modified":"2017-01-19T14:17:33","modified_gmt":"2017-01-19T20:17:33","slug":"trta-member-action-alert-senate-finance-committee-to-meet-tuesday","status":"publish","type":"post","link":"https:\/\/trta.org\/es\/trta-member-action-alert-senate-finance-committee-to-meet-tuesday\/","title":{"rendered":"TRTA Member Action Alert: Senate Finance Committee to Meet Tuesday!"},"content":{"rendered":"

Send an email to your Senator about the urgency of addressing TRS-Care today by clicking here!<\/strong><\/a><\/p>\n

As the 85th<\/sup> Legislative Session begins moving at breakneck speed, committees are already meeting and discussing issues vital to your retirement security! (See a list of all Senate Committees and their members by clicking here<\/a>).<\/p>\n

On Tuesday, January 24, the Senate Finance Committee<\/a> will hear from the Teacher Retirement System of Texas (TRS) regarding their Legislative Appropriations Request (LAR) for fiscal years 2018 and 2019<\/a>. Included in this request is funding for the financially burdened TRS-Care retiree health insurance program.<\/p>\n

As part of the request submitted by TRS in August 2016, an exceptional item for retiree health funding in the amount of $1.35 billion above the standard 1% of aggregate active teacher payroll from the state is included.<\/p>\n

\u201cTRS-Care, the Retired Employees Group Insurance Program, historically receives state funding equal to 1.0% of active public school employee payroll per year. Our request includes funding for the 1.0% contribution and assumes covered payroll growth of 3.5% for the public education sector. Additionally, TRS is requesting an exceptional item in the amount of $1.35 billion to provide for fiscal solvency through the end of FY 2019.\u201d<\/p>\n

Earlier this week, the Senate filed its budget bill (read SB 1 in its entirety by clicking here<\/a>). In the filed version of the bill, the exceptional item requested by TRS is not included.<\/p>\n

Members, this is just the beginning of budget discussions that will go on for the next five months!<\/p>\n

We need every Senator to be informed about the looming shortfall to TRS-Care! This issue is vital to the retirement security of nearly 260,000 public education retirees. If nothing is done this session to improve funding for TRS-Care, premiums could increase by 150%.<\/p>\n

In this scenario, a retiree currently paying $300 per month may have to pay as much as $750 per month. A significant reduction in retirees\u2019 benefits could make doctor visits unaffordable.<\/p>\n

The Texas Senate must be informed that retiree\u2019s pocketbooks cannot be solely responsible for keeping TRS-Care afloat. We can solve the TRS-Care crisis, but it will take all of us working together! TRTA is prepared to be your voice in these vital discussions.<\/p>\n

Be sure to send an email to your Senator today! Click here.<\/strong><\/a><\/p>\n

Public comment will be welcome at next week\u2019s Senate Finance Committee meeting. If any members wish to attend, the meeting begins at 9:00 a.m. in Room E1.036 of the Texas Capitol. A live broadcast of the meeting should be available from this link<\/a> once the meeting begins on Tuesday.<\/p>\n

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

Thank you for your membership to TRTA. If you are not yet a member, we need you to help us protect your retirement security. Please join TRTA today<\/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":"

Send an email to your Senator about the urgency of addressing TRS-Care today by clicking here! As the 85th Legislative Session begins moving at breakneck speed, committees are already meeting and discussing issues vital to your retirement security! (See a list of all Senate Committees and their members by clicking here). On Tuesday, January 24, […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[13,14],"tags":[],"class_list":["post-2663","post","type-post","status-publish","format-standard","hentry","category-trs-care","category-update"],"acf":[],"yoast_head":"\nTRTA Member Action Alert: Senate Finance Committee to Meet Tuesday! - Texas Retired Teachers Association<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/trta.org\/es\/trta-member-action-alert-senate-finance-committee-to-meet-tuesday\/\" \/>\n<meta property=\"og:locale\" content=\"es_ES\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"TRTA Member Action Alert: Senate Finance Committee to Meet Tuesday! - Texas Retired Teachers Association\" \/>\n<meta property=\"og:description\" content=\"Send an email to your Senator about the urgency of addressing TRS-Care today by clicking here! 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