Inside Line Feed

TRTA Inside Line

June 21, 2019
Congressman Richard Neal Releases Statement Addressing WEP Reform Efforts
Representative Richard Neal (D – Massachusetts) is serving as the new chairman for the Congressional Ways and Means Committee in Washington, D.C. As the chairman of Ways and Means, he has oversight on the Windfall Elimination Provision (WEP), which has long been a drain on retired Texas educators. The WEP, which took effect in 1983, provides a means of eliminating the “windfall” of Social Security benefits received by beneficiaries who also receive a pension based on work not covered by Social Security. Ninety-five percent of Texas public school employees do not pay into Social Security through their work with Texas...
May 26, 2019
Retirees’ Hard Work Has Paid Off! TRS Pension Fund to Be Actuarially Sound
Today, May 26, 2019 was the final day that the bills affecting Texas retired educators could be passed by the Texas Legislature. After months of emails, phone calls, personal visits and handwritten letters, retirees’ efforts have paid off! Today, the Legislature passed Senate Bill 500 (the supplemental budget) and Senate Bill 12 (the Retired Teachers’ Security Act)! The passage of both bills was absolutely necessary in order for retirees to receive a supplemental payment and for the Teacher Retirement System of Texas (TRS) pension fund to become actuarially sound. SB 500 provided the necessary funding for these measures, while SB...
May 26, 2019
Call and Email Your Legislators Today! Last Chance to Pass Vital Legislation That Will Help Retirees!
Two must-pass bills are coming up for a vote, and will require your attention! Click here to send an email to your elected official! Use our toll-free legislator hotline to call your Senator and Representative today! 1.888.674.3788 See the detailed outline of the TRS plan below, including a helpful chart near the end of the article! The Texas Retired Teachers Association (TRTA) has received information on how the deal to make the Teacher Retirement System of Texas (TRS) actuarially sound and provide retirees with a supplemental payment will be voted on as the session enters its final day for action....