To strengthen Texas by expanding awareness of public pension issues, providing high quality training to retirement systems’ decision makers and working to assure the promised benefits of public employees.
Robert Marrs is in his 40th year teaching with the Cypress-Fairbanks Independent School District and says he seriously considering retiring at the end of the current school year. The 61-year-old's pension is his only form of retirement savings. Leaving the profession he has spent four decades working in isn't an easy decision for him to make, but he says having a secure retirement makes going less scary. After all, being a public educator allowed him to build up a secure nest egg.
Longtime pension advocate Rep. Roberto Alonzo, D-Dallas, was recently recognized by an industry union for his work in support of labor causes and minority rights during the state's recent legislative session.
Pension Review Board chair Josh McGee asserted to Fort Worth officials that the legacy costs involved in maintaining a system while enrolling new employees in the Texas Municipal Retirement System were "accounting problems" and not real. McGee's comment was made during the board's Actuarial Committee meeting held Oct. 13 in Austin.