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Without state action, retirement fund for teachers could shut down

Published on January 24, 2017 under CommunityImpact

If the Texas Legislature declines to take action this session, the Teacher Retirement System of Texas may have to shut down the┬áTRS Care┬áTrust Fund, which provides medical care to about half a million retired teachers in the state. In the previous legislative session, the TRS Care Trust Fund faced a shortfall, and the Legislature allocated roughly $768 million to fill in the missing funds. Over the past two years, the situation has only worsened. TRS is requesting an additional $1.35 billion this time around. Sen. Joan Huffman, R-Houston, has worked on interim efforts to analyze the issue. She said it […]

The post Without state action, retirement fund for teachers could shut down appeared first on Community Impact Newspaper.

Source: Community Impact- Round Rock

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