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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.
In 2002, the funded ratio had declined to 82.1%. While funds did mostly recover by 2008, the Great Recession resulted in funded ratios declining to 63.8% in 2009. Over the following decade, funding levels improved over 2009’s all-time low, until the Covid-19 pandemic ushered in an era of unprecedented market volatility.
Most districts in Central Texas now pay more than $54,000 to starting teachers and at least $60,000 for 15-year veterans, according to data analyzed by the American-Statesman.
Furthermore, teachers hired after January 1, 2021, will not receive health benefits, along with teachers having to pay $10,000 per year in out of pocket health insurance. [ 21 ] Because of a majority of the strikes being in predominantly Republican Party-controlled, conservative states, the strikes have been referred to as the "Red State Revolt".
Teacher pay in Texas. The Grand Prairie school district is the highest-paying school district in the Metroplex for first-year teachers without master’s degrees. They’re paid $61,000. For ...
Apr. 2—Even as the Brownsville Independent School District trumpets $10 million to be paid to teachers through the Texas Education Agency's Teacher Incentive Allotment, some teachers are ...
The American Federation of Teachers' teacher salary survey for the 2006–07 school year found that the average teacher salary was $51,009. [70] In a salary survey report for K-12 teachers, elementary school teachers had the lowest median salary earning $39,259. High school teachers had the highest median salary earning $41,855. [71]
That includes teacher salaries and non-wage expenses such as transportation, food costs and custodial services. Statewide, about 400,000 students — or roughly 6% of Texas kids — attend public ...