Teacher Retirement System Looks to Cut Costs

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.

The state’s Teacher Retirement System, for instance, is not out of money. As of August, the fund was valued at $111 billion, about $41 billion more than just three years ago, at the height of the recession. But the fund’s long-term stability is in question.

So when the state reduced its contribution to the fund, the retirement system decided to lower its own costs, starting with health insurance ...

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