The Amarillo Pioneer

Amarillo's only free online newspaper. Established in 2016, we work to bring you local news that is unbiased and honest.

 

Voters OK Retirement Increase for Texas Teachers

Photo by Cottonbro Studios/Pexels

Certain annuitants of the Teacher Retirement System of Texas are about to see a cost-of-living adjustment.

According to unofficial election results, Texas voters backed Proposition 9, which provides for a one-time cost-of-living adjustment for certain TRS retirees. 83 percent of voters backed the measure, with all Texas counties voting to pass the cost-of-living increase.

Notably, Proposition 9 also received the highest vote share in favor of passage of any amendment on the ballot on Tuesday night.

With the item’s passage, retired teachers will now see a cost-of-living adjustment of between 2 and 6 percent next year. Teachers who retired before August 2001 will see an increase of 6 percent, while those who retired between August 2001 and August 2013 will see a 4 percent increase. Those who retired between August 2013 and August 2020 will see a 2 percent increase.

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