House passes bills to give retired teachers relief from rising costs
The Texas House on Aug. 1 approved House Bill 20, legislation appropriating $212.7 million from the “rainy day” reserve fund to help defray rising healthcare costs for retired school employees.
Primary authors of HB 20 include: Trent Ashby, R-Lufkin; Drew Darby, R-San Angelo; Gary VanDeaver, R-New Boston; John Zerwas, RKaty; and Donna Howard, D-Austin.
The House also approved HB 80, legislation that through the Teacher Retirement System of Texas would make a one-time cost-of-living adjustment to the retirement benefits paid to certain retirees, disability retirees and survivors. To be eligible for the increase, the annuitant must have retired between Aug. 31, 2004 and Aug. 31, 2015.
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