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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.
How could it be that teachers, who earn an average annual income of $61,690 according to the U.S. Bureau of Labor Statistics, take the third spot, while physicians don’t even rank in the top ...
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 ...
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.
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An enrolled actuary is an actuary enrolled by the Joint Board for the Enrollment of Actuaries under the Employee Retirement Income Security Act of 1974 (ERISA). [1] Enrolled actuaries, under regulations of the Department of the Treasury and the Department of Labor, perform a variety of tasks with respect to pension plans in the United States under ERISA.
For premium support please call: 800-290-4726 more ways to reach us
For premium support please call: 800-290-4726 more ways to reach us