State lawmakers on Sunday passed major changes to the Texas' $116 billion teacher pension system. Reuters reported that changes included the first cost-of-living increase in a dozen years and new rules requiring that school districts pay part of the expense. By having the state, the school district and the teachers themselve having increased contributions, the system will be less reiant on market returns, Reuters said.
Reported by bizjournals 17 hours ago.
↧
