FOR IMMEDIATE RELEASE
March 6, 2019
(512) 463-0120 office
AUSTIN, TX -- Recently, Senator Juan "Chuy" Hinojosa joined Senator Joan Huffman, Chair of the Senate State Affairs Committee, as joint-author of Senate Bill 12, the Retired Teachers' Security Act. This bill, if passed, will bring actuarial soundness to the Teacher Retirement System (TRS) and provide our retired teachers with a 13th check.
Senator Hinojosa released the following statement:
"The long-term sustainability of TRS has been a priority and I am proud to join Senator Huffman as joint-author of Senate Bill 12 (SB 12). Our retired and current teachers deserve a system that is actuarially sound and can guarantee that a retiree will receive a retirement paycheck they worked hard to earn.
SB 12 and the teacher pay raise bill, SB 3, are proof that the advocacy, engagement, and call to action from our teacher groups and retirees across the state made a difference. I look forward to supporting this bill as it moves through the legislative process."
The introduced Senate budget for the fiscal year 2020-21 also includes $231 million for TRS HealthCare to help ensure the solvency of the fund.