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Rep.Morales, Christina

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Representative Christina Morales Votes to Invest in Retired Teachers  print page

by: Rep. Morales, Christina
04/26/2019

Legislation funds a 13th check for retired teachers, makes pension fund stable and solvent

AUSTIN, Texas - Representative Morales today joined colleagues in the Texas House of Representatives to pass legislation that invests in retired teachers by increasing the state's contributions to the Teacher Retirement System of Texas (TRS).

The House's version of Senate Bill 12 funds a 13th check for retired teachers, makes the pension fund more stable and solvent, and incrementally increases the state's contributions to the fund over a five-year period.

"Retired teachers deserve so much more for their many years of commitment and hard work in educating our children." said Rep. Morales. " I will continue to protect their retirement benefits and see to it we continue to honor their profession."

Rep. Morales proudly authored House Bill 9, the House's companion bill for Senate Bill 12.

"Because of Representative Morale's leadership, the Texas House has taken action to bolster the retirement future for Texas teachers," said Texas Speaker of the House Dennis Bonnen. "Texas educators dedicate their careers to improving the lives of our children and strengthening the economic future of our state. As we work to make unprecedented investments to meet the needs of our classrooms, we must also work to meet the needs of our retired teachers. I thank Representative Morales for taking action on behalf of our hardworking educators."

The TRS currently provides retirement benefits to more than 420,000 individuals and requires an increased investment from the state to assure the fund remains financially healthy. The state is prohibited from issuing a cost-of-living increase or supplemental payment to retired teachers until the fund is deemed actuarially sound. This legislation would address that requirement.

Earlier in the legislative session, the Texas House of Representatives unanimously voted to pass House Bill 1, the state budget, which appropriates $684 million from general revenue for the purposes of increasing the state's contribution to TRS and $658 million from the economic stabilization fund (ESF) for the 13th check.

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