Tagged: Teacher Retirement System

Lawmakers Look at Retirement Plans

Texas lawmakers are scheduled to examine some retirement programs this morning – including the Employees Retirement System of Texas and the Teacher Retirement System of Texas.

The Texas House Committee on Pensions, Investments & Financial Services wants to know the viability of the plans as they are now. And they’ll look at what might happen to the retirement plans if they are switched from defined benefit plans to defined contribution plans or some combination of the two.

TRS is the largest public retirement system in the state, with more than 1.3 million people are on the plan.

Assange’s Legal Threat to SXSW

Wikileaks founder Julian Assange threatened the South by Southwest festival with legal action if it proceeded with its planned showing of the documentary Wikileaks: Secrets and Lies in 2012. That's according to London’s The Guardian.

Teacher Retirement System Earns 12.6% Return Rate

The Teacher Retirement System of Texas Trust Fund earned 12.6 percent this year.  TRS says it ranks first among its pension fund peers across the nation.  The fund's total value is more than $100 billion, up about $9 billion from September 2009.  The return meant a big pay out for the TRS' investment team.  They were awarded $9.7 million in performance bonuses.

Prison System Bracing for Cuts