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Kolasi, Erald; Johnson, Richard W. – Urban Institute, 2019
To improve the finances of the Teacher Retirement System of Texas, which serves almost 1.5 million workers and retirees, Texas Governor Greg Abbott signed legislation in spring 2019 that gradually raises plan contributions by the state, school districts, and employees. Additional contribution hikes may be necessary to close the plan's funding gap,…
Descriptors: Retirement Benefits, Teacher Retirement, Costs, Educational Finance