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Most states that close their prepaid tuition plans now administer other education savings plans instead. In Texas, the TGTP was replaced by a new prepaid plan in 2008. The Texas Tomorrow Fund will be reopened for new enrollment under a new name: [5] The Texas Tuition Promise Fund, which replaced the Texas Guaranteed Tuition Plan in 2008. [6]
The entrance to the T.R.S. Building on Red River Street in Austin. Teacher Retirement System of Texas (TRS) is a public pension plan of the State of Texas.Established in 1937, TRS provides retirement and related benefits for those employed by the public schools, colleges, and universities supported by the State of Texas and manages a $180 billion trust fund established to finance member benefits.
The Robin Hood Plan is a colloquialism given to a provision of Texas Senate Bill 7 (73rd Texas Legislature) (the provision is officially referred to as "recapture"), originally enacted by the U.S. state of Texas in 1993 (and revised frequently since then) to provide equity of school financing within all school districts in the state of Texas.
Statewide, the attrition rate for teachers hit a record high of 13.4% between the 2021 and 2022 school year, even as the number of teachers in public schools grew, according to the Texas Education ...
May 27—It's no secret that Texas public schools are losing teachers. Between the fall of 2022 and fall 2023, the attrition rate reached a historic high of 13.4%, according to data collected and ...
Voters will decide on a $3.3 billion proposed amendment that would use surplus state funds to give retired teachers a cost of living raise. Prop 9 would give retired Texas teachers a pension hike ...
[6] [7] Following Bridgewater, Harris was appointed chief investment officer of the Teacher Retirement System of Texas (Also known as TRS), Texas' pension plan for public teachers. [8] During Harris' tenure at TRS, the value of their pension fund grew from $67 billion at the time of the 2007-2008 financial crisis , to $140 billion at the time ...
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