Texas Teacher Retirement Fund Gets $435M Boost
The money, which came from Coronavirus Relief Funds, will be used to offset retired educator healthcare costs related to COVID-19.
This infusion, along with previously appropriated money from the last legislative special session, will be applied to the TRS-ActiveCare healthcare plan to offset insurance premium increases. During the session, the state allocated about
By providing these funds, teachers will now see an average 0% increase — or even decrease — on healthcare premiums, officials said.
"With rising health-care costs and inflation soaring to a 40-year high, I am thrilled that we are able to allocate additional federal COVID-19 funding to TRS-ActiveCare to prevent health-care premiums from increasing," said Sen.
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