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

Proposition 9 would amend the Texas Constitution to provide a cost-of-living adjustment to retirees who rely on the Texas Teachers' Retirement System, pictured above.

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 …

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‘Employment Hero’ reaches valuation of 1 billion and aims to expand in the UK

Unlock Editors Digest for free FT editor Roula Khalaf picks her favorite stories in this weekly newsletter. Australian tech start-up Employer Hero has raised almost $140 million from investors to help fund its UK expansion, facing a tough fundraising market where fast-growing companies struggle to attract investor support. U.S. private equity firm TCV, whose previous …

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