AUSTIN-- Texans voted to approve Proposition 9 which will include billions to the Texas retired instructor's pension, according to Associated Press projections.
Proposition 9, stemming from H.J.R 2 from the 88th routine session, would make an "appropriation of $3.45 billion to the Teacher Retirement System of Texas (TRS)" to supply cost-of-living changes to eligible annuitants within TRS.
With 40% of the vote reported, 84% voted in favor of Prop 9.
Background
Joe Ramirez, a previous high school teacher of the year from the
Austin Independent School District, has actually been retired for 11 years, and his pension check of $2,000 hasn't increased given that.
" People are generally living from month-to-month. And they require to have a little bit more security to make sure that their futures in their golden years are much better off," Ramirez stated.
Election Results
Over a quarter of the system's beneficiaries receive less than a thousand dollars each month. Proposition 9 will address this by supplying an increase of up to 6% for the nearly half a million annuitants in the Teacher Retirement System (TRS). This constitutional change will extend its advantages beyond just teachers, likewise positively affecting the often lower-paid bus drivers, custodians, and lunchroom staff.
"Having a really, very modest pension suggests that these folks actually can't manage to wait too much longer," Executive Director of the Texas Retired Teachers Association Tim Lee stated.
The proposition cruised through the legislature with overwhelming assistance from both your house and Senate.
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