The burden of improving the financial footing of the Teacher Retirement System of Texas will be shared by the state and the members — and, for the first time, many school districts, under a Senate deal struck Wednesday.
Everyone will chip in a little more to shore up the $117 billion pension fund for school and university employees with the aim of quieting political rumblings that the state’s pensions are not sustainable.
The story you're reading is premium content from the Austin American-Statesman. Subscribers get total access to all our in-depth news, digital editions and exclusive premium content. You can now also buy a 24-hour digital pass or 7-day digital pass.
For Subscribers: Sign in here if you have already registered your account.Sign In
For Subscribers: Register your account for digital access.Access Digital
Read MyStatesman.com now — 24-hour digital pass99¢ for 24-hours
Read MyStatesman.com all week — 7-day digital pass$3.99 for 7-days
Subscribe to the Statesman for as little as 33¢ per dayView Offers