Retired teachers' pay

Posted Thursday, Jan. 24, 2013  comments  Print Reprints



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The Teacher Retirement System of Texas is not in crisis, it is not a "burden" on Texas taxpayers, and it is most definitely not an entitlement program.

The TRS has 75 years of proven success in providing benefits for its members with a defined benefit structure. Considering a defined contribution plan for TRS is not sound public policy.

Retirees have gone 12 years with no cost-of-living increases. In that period, every cost associated with living has risen, and retirees are simply falling further behind. The Legislature cannot keep doing the minimum and hoping for maximum results.

The Legislature should appropriate an amount necessary for fiscal 2014-15 to make the system actuarially sound and move retirees closer to a real cost-of-living increase.

-- Deborah Chaney, Bedford

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