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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Defined contribution pensions: the lifestyle you ordered is currently out of stock

Unlock Editors Digest for free Roula Khalaf, editor-in-chief of the FT, selects her favorite stories in this weekly newsletter. Hindsight is always in high definition for investors. This sense of clarity will be uncomfortable for anyone who has unwittingly invested in the bond market in recent years. Yields soared to a 15-year high on government …

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