- TRS Pension Fund Healthy, Actuarially Sound
The Teacher Retirement System of Texas (TRS) Board of Trustees met this week in Austin to discuss several issues, including the actuarial valuation of the pension fund.
There is a lot of good news about the TRS pension fund to share with our members. TRS reported the pension fund is at a healthy $130 billion. The rate of return on investments for the year was 16.8 percent, net of expenses. The return was large enough to eliminate deferred losses and is now in a position of deferred investment gains.
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- Federal Legislation to Repeal Windfall Elimination Provision (WEP) Introduced
Last week, two members of Congress, Representative Kevin Brady of Texas and Representative Richard Neal of Massachusetts, introduced H.R. 5697, the Equal Treatment of Public Servants Act. The bill, if passed, would repeal the Social Security Windfall Elimination Provision (WEP, and replace it with a more fair formula helping those who have been impacted by the WEP and those who will be in the future.
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- Legislative Action Takes Center Stage
Texas Retired Teachers Association (TRTA) members are already hard at work preparing for legislative session. Reports from all over the state are arriving in our office about TRTA members organizing and meeting with legislators before the start of the legislative session.
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- Texas Election Recap, Time to Get Ready for the 84th Legislative Session!
Legislators who have served before and those who have just been elected for the first time are now shifting from campaign mode into policy mode. What this means for our members is that there is no time to waste to get our issues front and center!
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- Texas Retired Teachers Foundation: Building a Brighter Future
The West Independent School District held a groundbreaking ceremony on Oct. 30 to celebrate the construction of a new high school and middle school campuses. The ceremony was part of the Restore West ISD project, to which the Texas Retired Teachers Foundation (TRTF) donated $6,500. Read more here!
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- Texas Retired Teachers Foundation: A Home for Educators
Before the Texas Retired Teachers Foundation (TRTF) began their scholarship, classroom assistance grant and “A Helping Hand” programs, they brought retirees together to raise funds for TRTA’s state office in Austin, Texas. Read more here!
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