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Texas Senate OK’s teacher pension changes to shore up fund

By Kate Alexander - American-Statesman Staff

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.

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