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Oil pumpjacks in Andrews County. A bill that received preliminary approval from the Texas House on Monday would require state investment funds to divest from companies that refuse to invest in fossil fuel companies.Â
Jerod Foster for The Texas Tribune featured
By Erin Douglas, The Texas Tribune May 5, 2021
3 hrs ago
Oil pumpjacks in Andrews County. A bill that received preliminary approval from the Texas House on Monday would require state investment funds to divest from companies that refuse to invest in fossil fuel companies. Jerod Foster for The Texas Tribune
Two bills that were advanced by the Texas Legislature this week attempt to protect the stateâs oil and gas industry from efforts to reduce greenhouse gas emissions.
By Luther Elmore
For the first time in a generation, Texas state employees, and retirees like me, are entering the final month of the legislative session with reason for hope.
Last week, the Senate approved Senate Bill 321, a transformational proposal that would protect the stable and secure pension on which so many public employees have come to rely.
The bill, sponsored by Sen. Joan Huffman, commits $510 million a year moving forward to pay the Employees Retirement System’s ballooning unfunded liability. Under this schedule, ERS would be actuarily sound in just three years. Lawmakers would then be able to consider a cost-of-living adjustment for retirees at that time the first since 2001.
Opinion: A historic chance to protect our public pension By Luther Elmore
For the first time in a generation, Texas state employees, and retirees like me, are entering the final month of the legislative session with reason for hope.
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Last week, the Senate approved Senate Bill 321, a transformational proposal that would protect the stable and secure pension on which so many public employees have come to rely.
The bill, sponsored by Sen. Joan Huffman, commits $510 million a year moving forward to pay the Employees Retirement System’s ballooning unfunded liability. Under this schedule, ERS would be actuarily sound in just three years. Lawmakers would then be able to consider a cost-of-living adjustment for retirees at that time the first since 2001.