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The House Committee on Pensions, Investments, and Financial Services voted unanimously Friday to send House Bill 3507 to the Committee on General Calendars.
House Bill 3507 aims to provide a one-time supplemental retirement check equal to the lessor of their annuity or $2,400 to retirees under the Teacher Retirement System (TRS). Currently, more than 136,000 TRS retirees earn less than $1,000 per month in their annuities, while another 101,000 earn between $1,000 and $2,000. Across the State, the monthly average among all retirees is only $2,118.
“My mother was a history teacher in Graham for over almost 20 years,” Rogers said, “I’ve seen first hand how important educators are to, not just rural communities, but every community across the State of Texas. We need to do more to support retired teachers, and I’m honored that the committee and Chairman Anchia have allowed me to do just that.”