The Dallas Morning News recommends in the 2023 election for Proposition 9, which would give retired teachers who rely on state pensions cost-of-living...
This constitutional amendment would allow the state Legislature to allocate money from the general fund to make cost-of-living adjustments to beneficiaries of the Teacher Retirement System of Texas.Retired teachers and their dependents who rely on state pensions haven’t gotten a cost-of-living adjustment in nearly 20 years. In the face of inflation, these retirees have struggled to pay their bills.
This amendment, based on a bill that had bipartisan support, would allow the state to tap around $5 billion from surplus funds to increase retired teachers’ monthly checks by 6% if they retired before 2001; 4% if they retired before 2014; or 2% if they retired any time after that. $1.6 billion of the total would also go towards a one-time payment for retired teachers who are 70 and older..
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