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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