AUSTIN—The Teacher Retirement System of Texas has seen about a $25 billion market value drop since Sept. 1 in the nation’s widening financial meltdown, making additional benefits next year for retirees appear unlikely.
Bill Harris, the system’s chief investment officer, said however that 275,000 retired teachers and beneficiaries covered by the fund shouldn't’t fear a change in current benefits.
The question on teachers minds'
I have been getting a lot of emails regarding the teacher retirement system and how the process works. Click Employment After Retirement
Tell your legislator that you would like the law changed. I don't see why someone who is thinking about retiring has to wait one full year to apply for the retire rehire program.
