Legislative committees consider TRS changes

Date Posted: 4/10/2013 | Author: Jennifer Mitchell, CAE
In an attempt to make the system actuarially sound, two identical bills that propose a number of Teacher Retirement System (TRS) changes—Senate Bill (SB) 1458 and House Bill (HB) 1884—were reviewed on Monday by the Senate State Affairs Committee and the House Pensions Committee, respectively. Both bills were left pending: Each was introduced by the committee chairmen as a “work in progress” for the purpose of obtaining fiscal information about the effects of these changes. ATPE’s legislative program contains positions that support:
- Keeping the system sound in order to prevent attempts to privatize the system as a defined contribution (401(k)-type) system.
- Increasing state and active member contribution rates, which would help provide a cost-of-living adjustment (COLA) for retired educators.
CONVERSATION
RECOMMENDED FOR YOU

06/02/2023
Teach the Vote’s Week in Review: June 2, 2023
The HB 100 voucher scheme dies at the end of regular session, plus a special session and the TEA takeover of Houston ISD begin.

06/01/2023
From The Texas Tribune: Tension over property taxes produces rare public clash between Dan Patrick, Greg Abbott
Always happy to castigate the Texas House, Patrick breaks form to criticize the governor as misinformed and unsympathetic toward homeowners.

School Finance, Retirement | TRS | Social Security, Texas Legislature, Privatization | Vouchers, Educator Compensation | Benefits
05/30/2023
Voucher dies as final weekend of 88th Legislature brings conflict between House and Senate
HB 100 was a casualty of a breakdown in communications between the House and Senate as the regular session drew to a close.