{"id":44220,"date":"2019-04-24T14:18:10","date_gmt":"2019-04-24T19:18:10","guid":{"rendered":"https:\/\/trta.org\/?p=44220"},"modified":"2019-04-24T14:18:10","modified_gmt":"2019-04-24T19:18:10","slug":"sb-12-passes-second-reading-will-go-to-final-vote-tomorrow","status":"publish","type":"post","link":"https:\/\/trta.org\/es\/sb-12-passes-second-reading-will-go-to-final-vote-tomorrow\/","title":{"rendered":"SB 12 Passes Second Reading, Will Go to Final Vote Tomorrow"},"content":{"rendered":"<p>Today, the House version of Senate Bill 12, passed through second reading in the Texas House of Representatives. The House version of SB 12 will make the TRS pension fund actuarially sound and will provide a 13th check to retirees up to $2,400 dollars.<\/p>\n<p>SB 12 raises the state base funding by 2 percent over the next five years. The bill will go to final vote tomorrow.<\/p>\n<p>SB 12 in its present form:<\/p>\n<ul>\n<li>Makes the TRS pension system actuarially sound by increasing the state contribution rate only and does not increase the contributions percentages for active employees or TRS-covered employers who do not pay Social Security.<\/li>\n<li>The state contribution would increase to 7.8 percent in 2020 and 8.05 percent in 2021 on its way to an eventual increase to an 8.8 percent contribution rate by 2025.<\/li>\n<li>Provides for a one-time supplemental payment no later than September 2020 in the amount of the member\u2019s regular monthly annuity, not to exceed $2,400.<\/li>\n<li>Provides for an overall biennial appropriation of state funds at $1.4 billion to pay for the increased state contribution percentage and the one-time supplemental payment.<\/li>\n<\/ul>\n<p>The Texas Retired Teachers Association (TRTA) would like to thank Rep. Greg Bonnen (R &#8211; Friendswood) and all the other legislators who\u2019ve worked on this bill. Stay tuned to the <em>L\u00ednea interior <\/em>as we continue to provide updates to this and other retiree-related bills.<\/p>\n<h2 class=\"null\"><strong>Gracias<\/strong><\/h2>\n<p>Thank you for your commitment to TRTA. Many bills are in motion that can positively impact your retirement! It\u2019s a very important time to stay tuned to the <em>L\u00ednea interior<\/em>, as there will be multiple updates from now until the end of session in May.<\/p>\n<p>Aseg\u00farate de <a href=\"https:\/\/www.facebook.com\/TexasRetiredTeachers\/\" data-cke-saved-href=\"https:\/\/www.facebook.com\/TexasRetiredTeachers\/\">Danos like en facebook<\/a>, <a href=\"https:\/\/twitter.com\/TRTA\" data-cke-saved-href=\"https:\/\/twitter.com\/TRTA\">S\u00edganos en Twitter<\/a> y <a href=\"https:\/\/www.youtube.com\/user\/TheTRTATV\" data-cke-saved-href=\"https:\/\/www.youtube.com\/user\/TheTRTATV\">suscr\u00edbete a nuestro canal de youtube<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"<p>Today, the House version of Senate Bill 12, passed through second reading in the Texas House of Representatives. The House version of SB 12 will make the TRS pension fund actuarially sound and will provide a 13th check to retirees up to $2,400 dollars. SB 12 raises the state base funding by 2 percent over [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":44221,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-44220","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>SB 12 Passes Second Reading, Will Go to Final Vote Tomorrow - 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\/sb-12-passes-second-reading-will-go-to-final-vote-tomorrow\/\" \/>\n<meta property=\"og:locale\" content=\"es_ES\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SB 12 Passes Second Reading, Will Go to Final Vote Tomorrow - Texas Retired Teachers Association\" \/>\n<meta property=\"og:description\" content=\"Today, the House version of Senate Bill 12, passed through second reading in the Texas House of Representatives. 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