. The vast majority of the state’s retired educators don’t receive Social Security, leaving them reliant on pension benefits that have long failed to keep pace with cost-of-living expenses, even before the country’s latest inflation surge. More than half of them have never seen an increase in their monthly payments.
Last year, House lawmakers considered increasing benefit payments by 6 percent, capped at $100 per check, under a measure that received widespread support from both parties but never advanced to the floor of the Texas House for a vote. The pension bump would have cost an estimated $3.6 billion if covered through an immediate lump sum payment.
They are encouraging lawmakers to turn to the state’s anticipated surplus to pay as much as possible up front, arguing that would save money in the long term and keep the pension fund financially stable. Some retiree advocacy groups have also suggested phasing in the increases over time.applying the change to those who retired before September 2004
Advocates say these occasional payouts do little to move the needle for retired educators who have otherwise lived on fixed incomes for years and seen their buying power crater. A recent nonprofit report found that Texas still offers“Educated retention is based on more than working conditions today,” Felicia Owens, a member of the Texas State Teachers Association, told members of the House Pensions, Investments, and Financial Services Committee in June.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
How does the Texas sun get turned into electricity for your home?A sprawling facility 40 miles southeast of Dallas is part of the state’s growing solar energy industry. Texas sun sucks... How does journalism prioritize this Google Search over actual news, like a former president selling nuclear weapon secrets to the nation's enemies, or the current government passing the Inflation Reduction Act?
Source: dallasnews - 🏆 18. / 71 Read more »
Texas abortion law shouldn’t be stopping emergency abortionsThere has been much news coverage lately about tragic reports of women diagnosed with miscarriage or other high-risk pregnancy complications who have been... Oh good. A doctor trying to practice law, while ignoring the differences between each of these state laws (see Idaho, for example). When the AG just makes stuff up and calls it the law, the grey areas found even in the Texas statute are still a minefield for doctors
Source: dallasnews - 🏆 18. / 71 Read more »
Texas student creates a network for Latinas in lawElizabeth Vela’s law journey was sparked when she did a project on her abuelita, who faced obstacles coming to the states.
Source: SpectrumNews1TX - 🏆 333. / 59 Read more »
Texas governor implements state resources to prepare for weatherGov. Greg Abbott recently announced that he has ordered the activation of state resources to protect Texans from the impact of tropical weather in the Gulf.
Source: SpectrumNews1TX - 🏆 333. / 59 Read more »
GRAPHIC: Radio Crew, Witnesses Gunned Down in Mexican Border City near TexasCartel gunmen shot and killed a radio crew and several bystanders during a series of attacks on businesses throughout Ciudad Juarez. Plunging incomes spark turf wars and emigration fleeing violence. Joe Biden must immediately recommence funding through Hunter to stabilize situation.
Source: BreitbartNews - 🏆 610. / 51 Read more »
Tasty but extremely large and invasive crawfish discovered in TexasThe Texas discovery is just the second instance of the species being found in the wild in... --- Abbott Declares - BUILD A SEA WALL Crawfish Boil! 😋
Source: HoustonChron - 🏆 609. / 51 Read more »