The Board is composed of nine trustees who are appointed to staggered terms of six years | TRS-Care is currently funded on a pay-as-you-go basis and is subject to change based on available funding |
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2013 - TRS issues COLA to eligible annuitants | One trustee is appointed by the governor from the three retired member candidates who are nominated by retired TRS members |
History [ ] The effort to establish the Teacher Retirement System of Texas was a 20-year process which began in 1916, with leadership provided by the Texas State Teachers Association TSTA.
256 million public education and higher education employees and retirees participate in the system | Certain family members are also eligible |
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The trust fund is presently the largest public pension fund in the state and the sixth largest overall in the nation, based on asset size | Three trustees are direct appointments of the |
In January, 2008, TRS issued a one-time "13th" check to approximately 245,000 eligible retirees.
7In addition, TRS administers a separate trust that provides health benefit coverage for TRS retirees and eligible dependents | The determines the funding of benefits and has no continuing obligation to provide benefits beyond each fiscal year |
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John Whitmire called for inquiries into TRS's real estate investment practices | 1936 - Citizens of Texas approve an amendment to the Texas Constitution Section 48a of Article III establishing a retirement system for public school employees—the Teacher Retirement System of Texas TRS |
These HMO options will provide additional plan choices to the employees of participating entities in areas served by these HMOs.
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