Teacher Retirement System of Texas

Texas State Capitol

Source: Texas Lawmakers Reach Deal On State Budget

Texas lawmakers reached a deal Friday on a two-year spending plan that would restore $3.93 billion to public schools and clear the way for taking $2 billion from the state’s rainy day fund for water projects, according to a state official close the negotiations.


A man shows a handful of the U.S. pennies. (credit: Getty Images/Jim Watson/AFP)

Pension Fund Bonuses Upset Some Retired Teachers

The investment team that achieved a nearly 13 percent return for the pension system benefiting Texas teachers will share millions in bonuses, despite the fact retired teachers haven’t gotten a raise in the past 10 years.