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.
Talks of statewide retirement program continue
Congressional resolutions just made it harder for Texas to create retirement programs for private-sector workers who do not have access to retirement benefits through their employers.
Congress passed resolutions that invalidate rules submitted by the U.S. Department of Labor's Employee Benefits Security Administration regarding savings arrangements established by states for non-governmental employees. The rules were safe harbors for states and cities wishing to ensure more citizens have access to some form of retirement saving program.
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Educators convicted of having improper relationships with students could have their pensions revoked, according to legislation recently approved by the Texas House and Senate.
The measure is part of Senate Bill 7 authored by Sen. Paul Bettencourt, R-Houston, intended to strengthen educator misconduct laws. The Senate passed the bill March 8 and the House approved an amended version of the bill May 9. The House action sent the bill back to the Senate, which concurred with the changes May 15. The legislation now heads to the governor's desk to be signed into law.
The Texas House voted May 15 on Senate legislation that would revoke government pensions from public officials convicted of felony crimes. The House passed the measure after amending the bill.
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