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HB 155 Pickett / Lucio
Provides that a public retirement system (including TRS) may not correct or recover an overpayment if the system did not adjust future payments or, if no future payments are due, the system must initiate steps to recover the overpayment within a 90-day period.
HB 2190 Truitt / Duncan
Removes the requirement that the TRS executive director must be a Texas resident for the three years preceding his/her appointment.
HB 2365 Truitt / Duncan
Provides for an alternative comprehensive accounting and reporting standard, as an option for the state and other political subdivisions in reporting the long-term liabilities associated with providing retiree health insurance benefits.
HB 2427 Truitt / Whitmire
Sunset legislation for the Teacher Retirement System. Revises the disability retirement payment process by allowing the TRS board to reduce or suspend payments to disability retirees who are working and earning more than the salary earned in the 12 months of highest compensation as a school district employee. (Includes a TCTA amendment ensuring that the comparison is made to the highest 12 months rather than the 12 months immediately prior to the disability retirement.)
Includes ethics provisions ensuring that a TRS board member or employee, or a spouse of such, may not be a paid officer, employee or consultant of a Texas investment or insurance trade association.
Includes a TCTA-supported provision that requires the TRS board to encourage the use of negotiated rulemaking in adopting rules.
Includes a TCTA-supported provision requiring TRS to make individual retirement counseling available in regions outside of Austin.
Eliminates the health insurance comparability study under which TRS certifies that districts offer health insurance coverage comparable to that provided to state employees. Districts will still report to TRS the details of the plans offered, and the requirement that comparable coverage must be offered is retained. Includes provisions initiated by TCTA that require TRS to post the detailed district health plan information on the TRS website, and require districts to make available that detailed information and their health insurance policy(ies) at each campus and on their website (if the district maintains a website).
Includes provisions requiring TRS to approve and maintain a list of registered individual investment products (such as 401k plans) offered to educators and available through a salary reduction agreement.
SB 247 Ellis / Van Arsdale
Provides a divestment procedure for investments by TRS in certain companies doing business in Sudan. Identified companies could be required to cease operations within one year or undertake humanitarian efforts in Sudan.
SB 1447 Duncan / Gattis
Authorizes the TRS Board of Trustees to buy and sell certain investments and other instruments to efficiently manage and reduce the risk of the overall investment portfolio. TRS can contract with private professional investment managers to invest no more than 30% of the fund. Investments in hedge funds are limited to not more than 5% of the total investment portfolio.
Reviewed: 01/08/08
