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If approved by voters on Nov. 7, the proposal would allocate $3.3 billion to the Teacher Retirement System of Texas, increasing pensions between 2% and 6%.
For 28 years, Joe Ramirez taught social studies in Austin for students including President George W. Bush’s daughters, four-time Grammy award winning musician Gary Clark Jr. and former Gov. Rick Perry’s son. After retiring in 2012, he said he initially was able to live on his $2,200 a month check from the Teacher Retirement System of Texas.[San Marcos, TX] [Hays County news]
Proposition 9, stemming from H.J.R 2 from the 88th regular session, would make an "appropriation of $3.45 billion to the Teacher Retirement System of Texas (TRS)" to provide cost-of-living adjustments to eligible annuitants within TRS.
The Odessa American is the leading source of local news, information, entertainment and sports for the Permian Basin.
If approved by voters on Nov. 7, the proposal would allocate $3.3 billion to the Teacher Retirement System of Texas, increasing pensions between 2% and 6%.