Tag Archives: Employees Retirement System of Texas

Texas versus AirBnB update

From last week: The Texas Comptroller’s office said Tuesday it’s reviewing the inclusion of Airbnb on a list of companies that boycott Israel and are banned from doing business with the state after the company announced a change to its … Continue reading

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On to the benefits

Now that same sex marriage is the law of the land, Texas employers need to make sure that the spousal benefits they offer apply to all spouses. “If an employer provides benefits to anyone who is currently married, they must … Continue reading

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Teacher health insurance costs

Another thing on the list of things the Legislature needs to deal with but won’t. Health care insurance costs for hundreds of thousands of Texas teachers and other public school employees are scheduled to go up again this fall, prompting … Continue reading

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Modified teacher retirement bill passes Senate

Modified again, this time enough to garner support from the teachers. Teachers, the state of Texas and school districts all would pay more to help support the Teacher Retirement System of Texas under a bill passed by the Texas Senate … Continue reading

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Modified teacher retirement bill put forth

Sounds like progress, though we’ll have to see how it goes from here. Members of the Teacher Retirement System of Texas objected strongly last week to a legislative proposal that would have required about half of current employees to work … Continue reading

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Senate examines pensions

This sort of thing always makes me nervous. Legislative proposals to shore up Texas’ two largest public pension funds could require teachers and state employees to work years longer than they must today to get full retirement benefits. For example, … Continue reading

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Texas’ public pension funds are solvent through 2075

There was a hearing in the Lege this week about the state’s pension plans, and the good news is that they’re in pretty good shape. The better news is that the members of the Lege’s pension committee recognize that fact. … Continue reading

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Double dippin’

How do you know when you’re on really shaky ground when trying to justify what appears to anyone with a lick of common sense to be a craven and shameful maneuver in one’s own naked self-interest? Gov. Rick Perry has … Continue reading

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On targeting public pension plans

I have three things to say about this. Texas could be gearing up for its own Wisconsin-style grudge match over public employee benefits. A group of high-powered Houston business leaders is starting a statewide campaign to overhaul retirement for future … Continue reading

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From the “Be careful what you wish for” department

The state wants to reduce its workforce as part of the cost savings needed to balance the budget. But what it saves now it may pay for later. Ann Fuelberg, executive director of the Employees Retirement System of Texas, warned … Continue reading

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