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I say, youre gonna take my money away and Im going to stop eating. Whoever negotiated the Texas thing, they didnt have teachers in mind.. The payments from the state have not grown for those who have retired since 2004. Texas AFT Retiree Plus member Lydia Carrillo-Valdez spent hours at the Senate hearing waiting to testify in support of a COLA. It is my hope that in the near future, the House will consider both of these measures as well.. Teacher Retirement System of Texas (TRS) is a public pension plan of the State of Texas. The lower chamber's version of the bill seeks to give a 6% increase to retirees' monthly checks if they retired before 2004, a 4% increase if they retired between 2004 and 2014, and a 2% . 2023 Texas Retired Teachers Association (TRTA). As a result, 96% of Texas public school employees do not receive Social Security benefits. Were way above 2 percent right now, professor, as you well know; we just hadnew numbers on inflation released on Friday. The bad news: Recent proposals for how much fall way short. Comptroller.Texas.Gov Accessibility Policy Privacy and Security Policy FMX Sitemap FM Contacts, Enterprise Resource Planning (ERP) CAPPS, ERS, TRS and ORP Retirement Rates for Fiscal 2022 and Fiscal 2023, Payroll Contribution for Group Health Insurance, Updated to reflect the changes of the 87th Legislature, Updated to reflect the changes of the 86th Legislature, Updated to reflect the changes of the 85th Legislature, Updated to reflect the changes of the 84th Legislature, Retirement rates for fiscal 2022 and fiscal 2023. Just a few years ago, we were proud to stand with Gov. 7, 2021 at 4:38 PM PDT. Rep. Drew Darby, a co-sponsor of the bill, expressed disappointment the bill was not considered in the House on Thursday. 2023 Texas Retired Teachers Association (TRTA). Retired Texas teachers, denied cost-of-living raises since 2004, get Byler said she has spoken with active teachers who dont want to come to Austin to beg for a COLA when they retire. Well, theres no theres no free lunches, economists are wont to say, and I think in this case, the institutional or political solution would be to either have the one-time increases in the cost of living increases in pension payments as allowed for in the TRS institution. As a TRS retiree, I have personally dedicated my retirement years to being a champion for TRS to help my fellow retirees have a strong pension fund and get us all an increase in our modest benefits. Carroll retired about 15 years ago from San Antonio ISD after 38 years of service. As your TRTA State President, I believe there are two questions we must ask in this moment: Will the Legislature seize the day and pass legislation that provides a COLA; and how much of an increase can and will the Legislature authorize? A provision in the GAA, Article IX, Section 17.03, requires each state agency and institution of higher education included in the group benefits program for the state fiscal biennium beginning Sept. 1, 2021, to contribute an amount equal to 1.0 percent of the total base wages and salaries for each benefits eligible employee of a state agency or institution of higher education to the ERS group benefits program.