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How a fight over vouchers could affect raises for teachers.
There’s just a week left in the special session.
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The 80th Texas Legislature increased the state contribution rate to the Teacher Retirement System of Texas from 6.0% to 6.58% of employee payroll. This, coupled with investment returns of 14.4% in 2007, yielded an actuarial valuation that allowed the pension trust fund to pay the supplemental payment and still have a funding period under 31 years.
TSTA originated in Mexia in June 1880, when the North Texas Teachers Association and Austin Teachers Association combined. Among its many achievements: minimum foundation laws that set statewide teacher salaries; creation of the Teacher Retirement System of Texas; certification laws; bills to establish maintenance and operation funds for schools; and thousands of other important bills.
Merit pay, merit increase or pay for performance, is performance-related pay, most frequently in the context of educational reform or government civil service reform (government jobs). It provides bonuses for workers who perform their jobs effectively, according to easily measurable criteria.
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