Texans are voting on constitutional amendments. One would implement a cost-of-living adjustment to the Teacher Retirement System of Texas.
Retired teachers haven't received a COLA since 2013. And even then, only teachers who retired by August 2004 got it.
Prop 9 authorizes a one-time COLA between 2% and 6%, depending on when the teacher retired. Lawmakers also passed a bill to give retired teachers between 70 and 75 years old a one-time supplemental payment.about what the COLA would mean for himself and other retired educators. "A lot of us tend to live month-to-month on this pension," Joe Ramirez said."If this passes, hey, that's one more medication I can pay off. That's an extra bag of groceries I can buy each month."
Ramirez also said that since his retirement, his rent has doubled to $2,000 – the same amount he said the average retired teacher gets monthly and solely relies on as income. The money for the COLA is already set aside in the state budget, but it still needed voters' approval. Voters had the option to approve or reject it.
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