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08 May
0

Senate Votes Unanimously for SB 1458

Breaking News: Senate Votes on SB 1458: 30-Yes, 0-No

TRTA Advocacy and Collaboration with Senate and Active Employee Organizations structures an even better deal! TRTA and Many Active Employee/Employer Groups Support Final Version of Bill!

TRTA has been working diligently with all Senate members and active employee stakeholders to pass SB 1458 and get TRS on track to being actuarially sound and protect the long-term health of our TRS defined benefit plan.

This legislation was finalized and voted unanimously out of the Senate this afternoon. Click here to email a “Thank You” note to your Senator!

The bill’s chief author, Senator Robert Duncan (R-Lubbock), has made it a priority to engage all the stakeholders and craft the best bill possible. Helping Chairman Duncan were Senators Kirk Watson (D-Austin), Wendy Davis (D-Fort Worth), and Royce West (D-Dallas).

TRTA has been an integral participant in these discussions. These efforts have paid off! The newest version of SB 1458 will:

  • Increase the State’s contribution to TRS in BOTH years of the biennium to 6.8 FY 2014 and 6.8 in FY 2015;
  • This will add almost $100 million more to TRS pension fund;
  • TRS-Care will receive approximately $80 million more in funding;
  • Active member contribution increases to TRS will be phased-in over two sessions. The rates will be:
  • 6.4 in FY 2014;
  • 6.7 in FY 2015;
  • 7.2 in FY 2016; and,
  • 7.7 in FY 2017.
  • School district contribution for non-coordinated Social Security districts remains at 1.5 percent beginning in FY 2015;
  • New minimum age 62 with a 5% adjustment will remain for non-vested TRS employees as of September 1, 2014.

Other major parts of SB 1458 remain unchanged:

  • TRS will be actuarially sound;
  • TRS retirees who were retired as of 1999 or before will receive a 3% cost of living increase;
  • The monthly COLA provides a cap that limits annuity increase to $100/month;
  • Future increases will be more likely with the fund’s improving actuarial status;
  • Requires a future retiree to meet the Rule of 80 with minimum age 62 in order to participate in TRS-Care II or III.
  • This provision grandfathers any current active member who meets the Rule of 70 (combination of years of service and age equal 70 or more) or the active member has at least 25 years of service as of September 1, 2014;
  • Existing retirees participating in TRS-Care are not affected by this change.

TRTA is glad to join nearly all other employee/employer stakeholder organizations in support of SB 1458!

We appreciate their participation and willingness to work together to help ALL TRS members, both retired and active!

TRTA members have been communicating with their Senators and asking them to support this vital legislation. Today is a great VICTORY for all TRTA members as we make progress to getting TRS fund actuarially sound and protecting it for future generations of retirees!

TRTA supports this legislation and all efforts to make TRS actuarially sound so that ALL TRS retirees will benefit with increases in their retirement benefits!

Please call your Senator and thank them for their support! This is VITAL! TRTA members have sent over 50,000 emails in a week to ask for Senate support. The phone calls have been very heavy.

Now, the Senate has responded with unanimous vote. Let’s make sure they know we appreciate their hard work!

Click here to email a “Thank You” note to your Senator!

TRTA wants to THANK ALL OUR MEMBERS FOR THEIR HARD WORK. YOU HAVE DONE A GREAT JOB! TRTA efforts will now carry over to the Texas House where the bill moves now for additional action.

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07 May
0

TRTA Members Are Making the Difference!

Action on SB 1458 Expected Any Day Now!

Keep calling and Click here to make sure your voice is heard!

TRTA expects action today or tomorrow on Senate Bill 1458. Senator Robert Duncan, the author of the bill, continues to meet with stakeholders to improve the bill and address concerns of both retired and active school employees.

TRTA continues to emphasize the need for actuarial soundness, help for current TRS retirees, protection of the defined benefit plan for all current and future TRS retirees, higher state contributions, and a balanced approach for our active education employee/employer friends.

All stakeholders are working towards these goals, and we commend Senator Duncan for his continued support.

As we said yesterday, TRTA is not working against anyone! We need EVERYONE’s help. This is our time: a chance to get the system on a path to soundness for years to come. Let’s tell every Senator we need their help!

This bill must continue to move through the legislative process in order to make the TRS pension fund actuarially sound and provide some retirees with financial help!

Below is a list of all Senators and their Capitol office phone numbers.You can also reach your Senators by using our toll-free hotline:1.888.674.3788.

Do not think of any Senator as “opposed,” as all of them want to help. Our approach is to educate any uncommitted Senators, and let them know we are depending on them to help TRS and take advantage of this legislation’s many good qualities.

In addition to calling, let’s keep up the emails! TRTA members sent 5,000 emails in just a few hours yesterday! What a great show of support. Click here to make sure your voice is heard!

 

Kevin P. Eltife R 512-463-0101
Bob Deuell R 512-463-0102
Robert Nichols R 512-463-0103
Tommy Williams R 512-463-0104
Charles Schwertner R 512-463-0105
Sylvia Garcia D 512-463-0106
Dan Patrick R 512-463-0107
Ken Paxton R 512-463-0108
Kelly Hancock R 512-463-0109
Wendy R. Davis D 512-463-0110
Larry Taylor R 512-463-0111
Jane Nelson R 512-463-0112
Rodney Ellis D 512-463-0113
Kirk Watson D 512-463-0114
John Whitmire D 512-463-0115
John Carona R 512-463-0116
Joan Huffman R 512-463-0117
Glenn Hegar R 512-463-0118
Carlos I. Uresti D 512-463-0119
Juan “Chuy” Hinojosa D 512-463-0120
Judith Zaffirini D 512-463-0121
Brian Birdwell R 512-463-0122
Royce West D 512-463-0123
Troy Fraser R 512-463-0124
Donna Campbell R 512-463-0125
Leticia Van De Putte D 512-463-0126
Eddie Lucio, Jr. D 512-463-0127
Robert Duncan R 512-463-0128
Jose R. Rodriguez D 512-463-0129
Craig Estes R 512-463-0130
Kel Seliger R 512-463-0131

Thank you for being a member of TRTA and serving as a vital advocate for our statewide team! You are making a difference!

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06 May
0

TRTA Members Expect Action: More Funding, More Commitment, Long-Term Solutions

Key Facts in this Update:

  • TRTA and Senate Democrats are NOT working against each other.
  • TRTA’s 60 year advocacy program is non-partisan and we work with all interests with great success for retirees.
  • TRTA is NOT working against active educators.
  • Many active employee/employer groups stand with TRTA in support of SB 1458 to ensure the fund’s long-term solvency and benefit protection.
  • TRTA wants more state contribution to the fund and every retiree to benefit from these actions.
  • Delay for the purpose of improving this legislation is understood, but delay to kill SB 1458 is a short-term tactic with long-term consequences.
  • The time for action is NOW!
  • TRTA’s phone call advocacy expanded to ALL senators: “We need help, we expect action! Please support SB 1458 for action this week!” 1.888.674.3788

Last week, TRTA members unleashed a three-day email and phone barrage on the Texas Senate. In all, over 40,000 emails were sent.The calls into Senate offices were described as “heavy.” YOU helped send a loud, strong message to the Texas Senate. TRS retirees need help and we need it now.

As we prepare for the week ahead with the knowledge that SB 1458 was delayed twice, I wanted to address a few questions I received this weekend. I believe this will help you better represent TRTA’s position as we continue our member-driven advocacy in the expectation that action is forthcoming.

Why Are the Senate Democrats Working Against Us? What About Active Teachers, Do They Know We Are Not Working Against Them?

The Senate Democrats are NOT working against TRTA! These members are very eager to work on legislation that will help all retired public school employees. TRTA is in regular communication with these long-time pro-TRTA legislators. They have met with TRTA volunteers and staff all session to learn about our issues, hear our suggestions, and develop plans on how best to assist.

The same can be said for our Senate Republican friends. TRTA has a 60 year history of working with all political parties, and we have extremely positive results to show for it.

Working on any TRS legislation is complex and touches the lives of many people. The results of any public pension legislation are influenced strongly by budget realities, public policy concerns, and political consequences. We are relying on all of our friends in the Texas Senate—and the House—to know when the time for debate is over and the time for action has come.

Numerous versions of the TRS plan have been worked and reworked. The final details were not crafted fully until early last week. Many Senators like the direction of SB 1458—one that leads to actuarial soundness, more commitment to TRS from all involved, no major cuts to vested employee benefits, some help for retirees, and a clear path for the system to help ALL retirees as quickly as possible.

Others object that the state is not putting enough into the TRS fund (TRTA supports more state contribution for TRS), that too much is being asked of the active employees, or that not enough TRS retirees will be getting a benefit increase (TRTA continues to work to expand this).

Let it also be known that TRTA is NOT working against active educators. Many of our members have “generational” educators in their families. Our active school employees do an important job every day, and we want to protect their defined benefit plan for the future.

This is the great legacy of TRTA! People worked to protect the fund when our members were active educators, and now it is our responsibility and privilege to protect it for future generations.

There are some active employee organizations that have different objectives for this legislation. TRTA understands their positions. Likewise, they know that TRTA is working to pass a bill to help as many TRS retirees as possible right now.

We are working every day with all of our friends in the Legislature and in the active employee community to address these issues.

But time is not on our side. Endless debate will end any chance that retirees will see help this session.

Doing nothing puts all active employee future benefits at risk due to pending pension reporting changes and the reality of a $1 billion TRS-Care health insurance crisis next session.

The time for action is NOW! Delay for the purpose of improving this legislation is understood, but delay to kill SB 1458 is a short-term tactic with long-term consequences.

We MUST take the opportunity to improve TRS.

  • We can help over 102,000 retirees this year.
  • We can ensure better long-term funding that makes real pension increases possible for all other TRS retirees.

Doing nothing means the fund’s actuarial condition only worsens, that the system will never be funded, and the ability to help TRS retirees will be very challenging.

The Week Ahead

TRTA members are doing a great job delivering a consistent, strong message. In addition to your phone calls and emails, we have sent a personal letter to every Senator asking for their favorable vote on SB 1458. TRTA staff will continue to visit every Senate office this week.

Please continue to educate legislators on SB 1458. This bill is vital to the long-term protection of the TRS fund. It will help 102,000 retirees. Its impact will continue to improve TRS for years to come and make it possible to help all TRS retirees.

As the week unfolds, we should contact ALL Texas Senators. Let’s expand our advocacy efforts to ensure that every Senator knows helping TRS is NOT a partisan issue. It’s just the right thing to do!

Every Senator needs to know that we want to see action as quickly as possible.

Thank you for your help. Please use the TRTA Legislator Hotline to contact Senate members this week. That number is 1.888.674.3788.

Be sure to also email your Senator through the advocacy campaign (click here).

Feel free to click on this link again as we will add new email messages to this campaign throughout the day and the rest of the week!

For our out-of-state TRTA members, we know emailing is a challenge. You can use the toll-free TRTA Call Your Legislator Hotline(1.888.674.3788) and let every Senator know that you are drawing a TRS annuity and that people you know and talk to regularly still live and VOTE in Texas!

Again, you are so appreciated. There is no more powerful advocacy group in the state than our TRTA members!

If you are not a member, please consider joining today! Contact our office at1.800.880.1650 for membership information.

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