Retired Texas teachers, denied cost-of-living raises since 2004, get even smaller checks in 2022
last year. And while everyone is affected when a dollar isn’t as valuable as it was yesterday, those hit hardest are people who live on fixed incomes — such as the roughly 450,000 former educators receiving benefits from the Teachers Retirement System of Texas.
Members of the San Antonio Area Retired Teachers Association, a local chapter of the Texas Retired Teachers Association, listen to agenda items during a member meeting held at San Antonio Garden Center in San Antonio, Texas, Wednesday, Feb. 16, 2022.‘13th check’ from Legislature means smaller monthly payments
The extra check had pushed their January income into a different tax bracket, resulting in a lower payout. Many. Although TRS sent out several letters andattempting to explain the decrease, many were still confused and alarmed, thinking the lesser monthly payout would stay that way going forward. Norma Maldonado, center, chats with a friend during the San Antonio Area Retired Teachers Association member meeting held at San Antonio Garden Center in San Antonio, Texas, Wednesday, Feb. 16, 2022.“That is all part of the ongoing degradation of retirement benefits over time,” said Tim Lee, president of the Texas Retired Teachers Association.
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