The Legislative Budget Board released per-district runs according to Model 115 on May 24. This model incorporates $3.2 billion in spending for the FSP from SB 1 and $201 million in spending for the FSP from HB 1025. When reviewing these printouts, please keep in mind that they are run according to current law WADA. […]
The financial burden of improving the financial footing of the Teacher Retirement System of Texas will be shared by the state, school districts and members under a Senate deal struck Wednesday.
Everyone will chip in a little more to shore up the $117 billion pension fund for school and university employees to quiet political rumblings that the state’s pensions are not sustainable.
SB 1458 has passed the Senate on a 31-0 vote and now heads to the House. The bill seeks to make the Teacher Retirement System actuarially sound, and would raise the school district contribution rate to 1.5% for districts not participating in the Social Security program. See how your district fares under this bill compared […]