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TRTA Legislative Updates

February 12, 2019
Senate Finance Committee Discusses TRS Pension Fund and Health Care
Executive Summary: The Senate Finance Committee received testimony from TRS and TRTA View TRTA’s presentation to the legislators here. Use #RAISETHEBASE when communicating with legislators on social media. The Senate Finance Committee met yesterday to discuss the status of the retiree pension fund and health care program. The committee received testimony from the Teacher Retirement System (TRS) of Texas as well as stakeholder groups, including the Texas Retired Teachers Association’s (TRTA) Executive Director, Tim Lee. TRS reviewed the changes to the rate of return assumption that occurred in August 2018. TRS lowered the rate of return assumption from 8 percent...
February 4, 2019
House Appropriations Committee Meets, Receives Update From TRS
Executive Summary: TRS provided testimony concerning the pension fund and TRS-Care. Use #RAISETHEBASE when communicating with legislators on Facebook and Twitter. The House Appropriations subcommittee has been formed. The Teacher Retirement System of Texas (TRS) provided an update on the state of the pension fund and retiree health insurance plan, TRS-Care, to the House Appropriations Committee today, Monday, February 4. TRS Executive Director Brian Guthrie reviewed the change to the rate of return assumption. He discussed how the TRS board felt that the investment market dictated that the rate of return assumption be lowered to 7.25 percent. Since changing the...
January 29, 2019
House Appropriations Committee Meets, Receives Legislative Budget Board Report
Executive Summary: The Legislative Budget Board presented HB1 to the House Appropriations Committee. HB1 includes funding to fill TRS-Care budget shortfall. Use #RAISETHEBASE when communicating with your legislators on social media.  If you haven’t yet, show your support by completing TRTA’s action alert! The Texas House Appropriations Committee met today, Tuesday, January 29, and received reports from the Legislative Budget Board (LBB) on funding for state government agencies. The Teacher Retirement System of Texas (TRS) was among the agencies included in the reports. The full report is available here. The current House Bill 1, which includes the funding for TRS, proposes...