Teach the Vote's Week in Review: July 19, 2019
Retirement | TRS | Social Security
Date Posted: 7/19/2019 | Author: Jennifer Mitchell, CAE
ATPE's Governmental Relations team is reporting from Houston this week, where hundreds of our members are here for the ATPE Summit and to celebrate the 50th anniversary of the moon landing. Here's the latest:
- Greetings from the ATPE Summit
- TRS board announces details on 13th check
- TEA releases new video on pre-K changes
The Teacher Retirement System of Texas (TRS) board of trustees is meeting in Austin this week. Board materials and a link to a livestream of the meeting can found here. During this week’s meeting, the board announced that TRS would distribute the 13th check provided by Senate Bill (SB) 12 this September. ATPE supported SB 12, which along with an infusion of over a billion dollars this session and additional increases in subsequent years brings the TRS trust fund into actuarial soundness. Read additional information and frequently asked questions about SB 12 here. In announcing the plans for issuance of the 13th check in September, TRS Executive Director Brian Guthrie explained that it is important for the agency to cut the check prior to the November board meeting, in case any volatility in the stock market temporarily pushes the fund over the 31-year window within which it is considered actuarially sound.
The Texas Education Agency (TEA) its continuing its video series about this year's major school finance bill, House Bill (HB) 3. This week's installment in the informational series focuses on changes to pre-Kindergarten laws under the bill. Check out the latest video and more HB 3 resources here on TEA's HB 3 website.
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