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SB 12: Investing in Texas’ Retired Teachers

CLICK HERE TO WATCH A QUICK VIDEO ABOUT SB 12!

As outlined in the Conference Committee Report for Senate Bill 12:
The Supplemental Payment to retirees will be up to $2,000.
The CCR raises the State contribution from 6.8% to 8.25% beginning in FY20 through FY25.
Actuarial soundness is achieved immediately, dropping the funding period from 87 years presently to 29 in FY20 and 24 in FY25.

The state budget:
Provides $589 million to TRS to provide retired teachers with a $2,000 13th check on average
$524 million to make TRS stable and solvent
$230.8 million to cover shortfalls and ensure retired teachers’ healthcare premiums do not increase

Dan Huberty's Response to Malicious Attack Video