(Austin) Members of a Senate panel approved a bill Thursday aimed at making the state’s teacher pension fund solvent for the foreseeable future. SB 12, by Houston Senator and Committee chair Joan Huffman, would increase member, district and state contribution rates gradually over the next few years to bring the Teacher Retirement System fund into actuarial soundness. At the end of FY 2018, the fund had $47 billion in unmet debt obligations and a funding […]
