Retired teachers push for cost of living adjustments to retirement checks Texas Legislature 2021 Retired Texas teachers closer to getting a "13th check" after House endorses legislation The measure would allow for a one-time payment of up to $2,400 for. While the Texas Retired Teachers Association (TRTA) is still reviewing all aspects of these bills, there is very good news about funding for the Teacher Retirement System of Texas (TRS) in both versions of the state budget. The main themes are health and safety concerns during the pandemic and being overworked and underpaid. Those who retired before 2004 would get a 6% increase, those who retired before 2014 a 4% raise and those who retired before 2021 a 2% adjustment. If this bill passes, retired educators will get a one-time check no later than January 2021. Example video title will go here for this video, TEXAS, USA While voting legislation is dominating the conversation at the Texas State Capitol, on Tuesday, the Senate unanimously passed Senate Bill 7, or the "13th Check.". However, if you have more than five years of service credit, you may leave your contribution in your account until you reach retirement age and apply for annuity. Second, you can ask for a reimbursement. As a nonprofit newsroom, we rely on members to help keep our stories free and our events open to the public. AUSTIN Retired teachers in Texas, most of whom have never received any increase in monthly checks, would receive a one-time cost of living adjustment and possibly further bumps, later. The Houses chief idea to cut taxes is to limit property appraisals for homes and businesses while the Senate wants to boost the states homestead exemption and give targeted tax cuts to businesses. Updated: Jun. While it may be tempting to claim your refund as soon as possible, you will want to consider all possible options and caveats before making the decision. A vision plan can help you save hundreds of dollars and protect your overall health.
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