Lawmakers last approved a teacher pay raise in 2019, offering $1,200 on top of the $6,100 boost from 2018. February 2023 Payment: Feb. 1. The bill will need one more vote in the House before lawmakers from both chambers gather to negotiate a final version of the proposal. Governor's Proposal: Democratic Gov. In 2013, school district workers who retired before September 2004 received a 3% inflation adjustment, capped at $100 a month. The enactment of the 2017 COLA brings the total annual payment toward all three COLAs to its apex, reaching $152.5 million and remaining at this level for about seven years, after which the payments gradually diminish until all COLAs are paid off in 20301. Legislative Action: The legislature sent to the governor the Teacher Salary Enhancement Act, which would increase the states minimum pay for teachers by $1,000 each of the next four years, from $31,400 to $36,000. This liability increase is essentially an unsecured promise to pay off an increase in the pension debt (known as the unfunded actuarial liability or net pension liability). Legislation The one-time increase will be reflected in retirement benefits paid at the end of July. Death & Beneficiary Benefits for Retired Members, How Federal Law Lowers Social Security Checks Because of Pension Benefits, Kentucky Employees Health Plan (KEHP) for those not Medicare eligible, Presentations for members, retirees & groups. You need JavaScript enabled to view it. Texas teachers who retired in last 19 years may get first cost of living increase ever, Retired Texas teachers get sweeping Senate support to increase benefits, a record-breaking $32.7 billion revenue surplus, Texas House panel adopts budget cutting taxes, freezing tuition, helping retired teachers, Stars to face Kraken as Seattle defeats Avalanche, eliminates defending Stanley Cup champs, Mass shooting in Cleveland, Texas; manhunt underway: What we know, Hostile takeover: West Dallas homeowners battle new developments, rising taxes, The burrito is king in Ciudad Jurez; North Texas will soon get a taste of Mexicos finest, Texas voters wont be excited by Joe Biden, Donald Trump rematch, Renting is still far less expensive in Dallas-Fort Worth than in other metros, Nurses are experiencing more mental health strain now than in 2021, new study shows, Rental giants new South Texas factory to produce prebuilt homes for D-FW, How a man is working to preserve the West Dallas neighborhood named after his grandparents, No matter the grades, Cowboys use of capital makes draft an unqualified success, Cowboys 2023 undrafted free agent tracker: See which players Dallas added after NFL draft, Willie Nelson makes music with his friends at 90th birthday concert, Rangers, Josh Jung combine balanced approach with aggression in rout of Yankees, On a road trip outside Marfa, photographer finds dark skies, giant art, Pete DeBoer says Stars have one key trait shared by championship-caliber teams.
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