Teacher retirement system

The teacher retirement disgrace

This is an e-mail, which arrived as a comment from a retired teacher who signs herself “Hazel.” * * * * I am a retired teacher. Earlier this morning, I checked my checking account balance and was going to start paying my bills online. I was shocked to see there

Politics & Policy |
November 25, 2009

The ERS/TRS missing check: Where’s the oversight?

So the retired teachers and state employees will not get their $500 checks, which was previously going to be a 13th check. The news has been greeted by silence by the state’s leaders. They cover for each other. Somebody clearly made a mistake here. Why isn’t anyone interested in getting

Politics & Policy |
October 12, 2009

Cronyism and the Corridor

This is a scary story. The Statesman reported yesterday that Governor Perry is removing Linus Wright, a former Dallas school superintendent, as chair of the board that oversees the $88 billion Teacher Retirement System and will replace him with a current board member who is also a member

Politics & Policy |
May 13, 2009

Wrong division

Eiland and Truitt just engaged in a major debate over Teacher Retirement System bill that expanded the types of companies eligible to offer 403(b) retirement accounts to certify with the Teacher Retirement System of Texas (TRS). Eiland offered an amendment sought by the Houston Independent School District. Truitt, aided by

Politics & Policy |
March 30, 2009

Patterson calls school fund management “dysfunctional”

Land Commissioner Jerry Patterson today told the Senate Finance Committee that the management of the state’s Permanent School Fund is “dysfunctional” because responsibility is fractured among three entities: his office, the Texas Education Agency and the State Board of Education. “It’s not anyone’s fault. It’s just evolved that way,” Patterson

Politics & Policy |
February 9, 2009

Taking on a “big dog”

The Capitol gossip machine has worked overtime since Thursday’s explosive Senate Finance hearing, but Chairman Steve Ogden vehemently denies any coordination with the Governor’s office to ambush former UT Regent Robert Rowling. Everyone who hasn’t had a paper sack over their heads knows by now that Dallas billionaire Rowling quit