in Houston, Texas
Texas teachers’ health care fund projected to run short on cash
Tuesday, Mar 13, 2012, 11:08AM CST
By Mark Lisheron
empty wallet

The $267 million state fund providing health care benefits to retired teachers is scheduled to go broke in 2015.

No need to worry, your elected officials were aware this was going to happen, they just weren’t sure when, according to a story today by the Austin American-Statesman.

This is the same Legislature that has made the choice not to fund almost $23 billion of the $110 billion Teacher Retirement System of Texas. The largest pension fund in the state with more than 834,000 members is the provider for the 223,000 school retirees who are now wondering how much of their health care they will have to give up.

Oh, don’t be alarmed about the Retirement System. Executive Director Brian Guthrie assured Texas Watchdog back in December the pension fund is A followed by a big OK.

Health care is a different matter. The Statesman story says retirees might have to accept reduced benefits, increased premiums or a little of both. State and local taxpayers and working school employees may be required to pay more into the the system.

The Legislature last revamped the health care fund in 2003. State Sen. Robert Duncan, chairman of the Senate State Affairs Committee, told the Statesman the Legislature should be prepared in 2013 to make changes that will buttress the fund for another 10 years.

Contact Mark Lisheron at 512-299-2318 or or on Twitter at @marktxwatchdog.

Keep up with all the latest news from Texas Watchdog. Fan our page on Facebook, follow us on Twitter and Scribd, and fan us on YouTube. Join our network on, and put our RSS feeds in your newsreader. We're also on MySpace, Digg, FriendFeed, and tumblr.

Follow Texas Health Care Report on Twitter, and fan us on Facebook. Texas Health Care Report is a project of Texas Watchdog.

Photo of empty wallet by flickr user NoHoDamon, used via a Creative Commons license.

Tx. Teacher
Tuesday, 03/13/2012 - 12:10PM

Now, how much of a bonus did TRS give to some of their employees for a job wll doen not all that long ago?

Oh sure one thing has nothing to do with the other.

Karen Townsend | 7 years 8 months
"Patrick F. Kennedy is a career foreign service officer" -
Peter Corbett ✈ | 7 years 8 months
I'm at McCarran International Airport (LAS) w/ @almacy
KERA Public Media | 7 years 8 months
TONIGHT at 7pm on KERA TV: Presidential Debate: Learn more at PBS NewsHour.
PBS MediaShift | 7 years 8 months
Tech Snafus Make Bill O'Reilly/Jon Stewart 'Rumble' More of a Stumble (@kegill | @pbsmediashift) #rumble2012
Will Sullivan | 7 years 8 months
Great addition, been burned too much by bad subs. "Google Play Announces Free Trials For In-App Subscription Services"
TxDOT | 7 years 8 months
I-35W/North Tarrant Express #constantcontact
© 2019 TEXAS WATCHDOG and USELABS. All Rights Reserved. Terms of Use and Privacy Statement