05/14/2019
Finally moving again....
TRS retirees...an update! Conferees have now been named for a conference committee to reconcile the differences between the House and Senate plans in SB 12 for pension changes. Here are the basic differences:
House: state ups its contribution to fund by 2%, provides a 13th check capped at $2,400 (Cost to state for biennium: $1.3 billion)
Senate: contributions are increased by active employees, districts and the state, with a 13th check capped at $500. (Cost to state for biennium: $555 million)
Neither would provide for a cost-of-living increase at this point, but would make one possible in the near future. Once the conferees agree on final provisions of the bill, it will have to be approved by both the House and Senate and signed into law by the governor. Conferees are the following. If any of these are your rep or senator, please call them and ask them to support the House version of SB 12.
House: Representatives Gret Bonnen (R-Friendswood), Barbara Gervin-Hawkins (D-San Antonio), Jim Murphy (R-Houston), Armando Walle (D-Houston) & John Zerwas (R-Houston)
Senate: Senators Joan Huffman (R-Houston), Jane Nelson (R-Flower Mound), Larry Taylor (R-Friendswood), Lois Kolkhorst (R-Brenham), and Royce West (D-Dallas).
