The Teacher Retirement System of Texas (TRS) was given authority by the Texas Legislature in 2001 to oversee 403(b) companies and products. In our view, they have done an excellent job of fulfilling their responsibilities over the past 16 years while managing to follow complex laws involving hundreds of companies, thousands of products, many third-party […]
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The IRS has released the Annual Plan Limitations for 2018 for defined contribution and defined benefit plans. The 403(b), 457(b), & 401(k) elective deferral limits and other key limits for 2018 are listed below. For the list of all limits for 2018, please go to the IRS website: IRS announcement about the 2018 limits, […]
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The Teacher Retirement System of Texas (TRS) Board has approved revised TRS-Care rates and benefits with increased funding as a result of actions by the Texas Legislature in the recent Sepeicla Session. The best information is on the TRS website at these links: https://www.trs.texas.gov/TRS%20Documents/trscare_changes_retiree_flyer.pdf https://www.trs.texas.gov/Pages/healthcare_news_update_nonmedicare_eligible.aspx https://www.trs.texas.gov/Pages/healthcare_trs_care_medicare.aspx Below is a brief summary of the new rates […]
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The Texas House and Senate came to an agreement on funding TRS-Care and have passed HB 21. HB 21 provides $212 million towards TRS-Care, the state-run retiree health insurance program. The funding will help retirees who are both pre-65 and over-65. Gov. Greg Abbott has now signed this bill into law. As in the past, […]
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The Texas Legislature faced a major problem at the beginning of the most recent session that began in January 2017. Regarding TRS Care retiree healthcare: Brian Guthrie, Executive Director of TRS, stated a Legislative hearing on this subject that if the Legislature did not provide a solution or fund the system as requested, that TRS […]
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