Teacher Retirement System

John Jordan/The Texas Tribune

After exploring the idea and stirring worries and warnings from retired teachers and elected officials, the Teacher Retirement System of Texas opted Friday not to raise monthly health care premiums for a group of nearly 68,000 retired teachers.

Todd Wiseman / The Texas Tribune

Lt. Gov. Dan Patrick is urging the Teacher Retirement System not to raise health care premiums for retired teachers, arguing that state lawmakers should take on the burden of increased costs.

Bob Daemmrich for The Texas Tribune

After teaching for 36 years in the Rio Grande Valley, Rosalva Reyna looked at her pension and health plan in July 2016 and decided she could live a comfortable life and finally retire.

Reyes thought "no more work." But that quickly changed, she said.

“At this point. I’m seriously considering going back to work," Reyna said. "A retired teacher going back to work — so I can pay my medical [bills].”

Gabriel Cristóver Pérez/KUT News

From Texas Standard.

Earlier this year there were fears that the 32-year-old health care system that covers hundreds of thousands of retired teachers was approaching a death spiral. The Teacher’s Retirement System’s TRS-Care was expected to experience a shortfall in excess of $1 billion.

Lawmakers came to the rescue with an infusion of cash – a temporary patch intended to shrink the system’s deficit to $700 million. But now, the Austin American-Statesman reports on another threat to the program – retired teachers are leaving it in droves.

Gabriel Cristóver Pérez/KUT News

From Texas Standard:

Members of the House and Senate are scrambling to plug a $212 million hole in the teacher retirement system, which provides health benefit for retired educators. Changes made to the TRS-Care system during the regular legislative session could cause some retirees' health care costs to increase tenfold.

WhisperToMe/Wikimedia Commons [Public domain]

From Texas Standard:

For years, Texas lawmakers have been trying to stem the bleeding of the state's health care plan for retired teachers. The plan has been at risk of going unfunded for nearly two decades because of demographic and economic changes, including more retirees and rising health care costs. During this year's legislative session, lawmakers took steps to make up for the plan's $1 billion shortfall  .

Miguel Gutierrez Jr. / KUT

Last fall, with little fanfare, the Texas Teachers Retirement System, or TRS, set up an office in London. That means that Britain’s recent vote to leave the European Union could be felt a little closer to home for the state’s 1.4 million public education employees and retirees.


flickr.com/brotherM

Lawmakers Look at Retirement Plans

Texas lawmakers are scheduled to examine some retirement programs this morning – including the Employees Retirement System of Texas and the Teacher Retirement System of Texas.

The Texas House Committee on Pensions, Investments & Financial Services wants to know the viability of the plans as they are now. And they’ll look at what might happen to the retirement plans if they are switched from defined benefit plans to defined contribution plans or some combination of the two.

TRS is the largest public retirement system in the state, with more than 1.3 million people are on the plan.

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Photo courtesy of the Teacher Retirement System of Texas.

Teacher Retirement System Earns 12.6% Return Rate

The Teacher Retirement System of Texas Trust Fund earned 12.6 percent this year.  TRS says it ranks first among its pension fund peers across the nation.  The fund's total value is more than $100 billion, up about $9 billion from September 2009.  The return meant a big pay out for the TRS' investment team.  They were awarded $9.7 million in performance bonuses.

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