The Texas Retired Teachers Association says it does not endorse any of the controversial budget amendments filed by freshman House Republicans that would put more money into the teachers' health insurance fund.Full Story
The Teacher Retirement System is responsible for investing the funds for the purpose of providing retirement and health benefits to public school employees in Texas. The fund is sustained by contributions from members, matching state funds and investment revenue.
TRS was created by the Legislature in 1937 in response to the demands of teachers represented by groups such as the ...
About a dozen freshman Republicans in the Texas House have filed dozens of amendments to the state budget with the same goal: defunding various programs and agencies and putting that money toward retired teachers.Full Story
Texas' public pension systems — including the one state lawmakers pay into — have an airtight exemption from the landmark 1973 sunshine law that was designed to let taxpayers known how public money is being spent. But some lawmakers want to change that.
Texas lawmakers are once again heading into a legislative session facing concerns over the fiscal health of the state’s major pension systems, and changes to retirees’ health insurance may play a role.Full Story
Frustrated state employees continue to search for help — and answers — after the comptroller's office accidentally left sensitive personal data on an open server for anyone to see.Full Story
As they talk of cutting pension contributions and raising premiums for state employee health care and mandating layoffs and furloughs at state agencies, what are lawmakers doing to their own compensation and benefits?Full Story
Gov. Scott Walker should come to Texas, where much of what he’s seeking already exists. The right to bargain collectively isn’t allowed among state employees, and no public employee in Texas may legally go on strike.Full Story
As Texas lawmakers look to slash billions in state spending, pension plans have become fair game. Mose Buchele of KUT News reports on a legislative proposal to decrease state contributions to two retirement plans that collectively serve hundreds of thousands of Texans.Full Story
Travis County prosecutors who reviewed allegations of irregularities at the Teacher Retirement System of Texas decided months ago not to pursue the case.Full Story
Top appointees and employees at the state Teacher Retirement System overrode staff recommendations in order to hire political cronies and business associates for investment work there, Democratic gubernatorial nominee Bill White charged Tuesday. A spokesman for Gov. Rick Perry's campaign says White is "throwing everything at the wall to see what will stick."Full Story
Few members of the State Board of Education have finance expertise. Should we be concerned that they manage the investments of the $23 billion Permanent School Fund?Full Story
Ramsey and others on Bill White and the changing state of the race for governor; Thevenot's two-parter on what Dallas churches are doing to combat social ills and racial division; Ramshaw on the use of force by school district police departments (and why parents don't know about it); Grissom's two-parter, abetted by Stiles, on unregulated payday lenders; Aguilar on Mexican immigrants who play against type; and Rapoport on those missing extra checks for retired public employees. The best of the best from November 21 to 25, 2009.Full Story
Sorry, retired teachers and other public employees: You'll have to do without that extra $500 you were expecting. And you shouldn't count on any additional benefits next year — not if the state pension fund continues to be, in the words on one state senator, "actuarially unsound."Full Story