Articles from August 2017

ERS Board Lowers Assumed Rate of Return for Pension Fund

Posted on 8/24/2017
Lowering the assumed rate of return will not affect current annuity checks. The effects of lowering the return rate will be felt years down the road and depend on how the Legislature addresses the fund’s unfunded liability.

ERS Board Adopts 2018 Premiums for Medicare-eligible Retirees

Posted on 8/24/2017
At its Aug. 23 meeting, the ERS Board of Trustees adopted Plan Year 2018 premium rates for Medicare-eligible retirees. The State will continue covering 100 percent of the retiree’s premium and 50 percent of the spousal premium.

Payroll Deduction Legislation Dies During Special Session

Posted on 8/19/2017
Both the House and Senate bills stalled in the House, largely due to the work of current and former TPEA board members who made numerous visits to the Capitol to express their concerns about the legislation.