Proposition 9 gives retired teachers $3.3 billion to boost their pensions

When Joe Ramirez retired from the Austin school district in 2012, his rent was about $1,000 a month. Today, as housing prices have soared in the city, her rent has doubled to $2,000, but her monthly pension remains the same as 11 years ago.

For many people, it’s difficult to just cover the basics, he said.

There are people living on $1,000 a month, Ramirez said. We’re talking about medicine, any type of long-term health care.

Ramirez and other retired teachers hope voters will approve a proposed amendment to the Texas Constitution that would provide a cost-of-living adjustment to retired teachers and other school employees who benefit from the Texas Teachers’ Retirement System .

#Proposition #retired #teachers #billion #boost #pensions
Image Source :

Leave a Comment