Will retired Texas teachers receive Texas AFT is affiliated with the American Federation of Teachers and AFL-CIO. 2007: $255,939,000 ($23 million) 13th Check Amendment #2 to House Bill 1260 would have provided a $250 payment in 2022 to the Teachers' Retirement Fund (TRF) At that rate of increase, the 13th Check could exceed $1 billion before the end of the next decade due to the manner in which the benefit is calculated. Retired retired teachers These FAQs are a guide to common questions related to public benefits as a result of the 13th Check Payment. TRTA members, we are at a pivotal time. Rep. Greg Bonnen, chair of the Appropriations Committee, pointed out that if retirees receive a 13th check this year and a COLA in the 2023 Legislative Session, theyd actually be receiving more money overall than they would have if a Why retired teachers struggle to make ends Earning your trust every day. The payment has been dubbed a 13th check an addition to retired teachers monthly pension checks. HB 1028, 13 th check bill with a $50.00 increase from the last 13 th check paid in 2020, was passed unanimously by the House on February 14, 2023. New State Treasurer David McRae will be delving into this issue, as well, given the impact on Mississippis credit rating. 2023 Copyright American Federation of Teachers, AFL-CIO. Zeph Capo, president of the Texas American Federation of Teachers, says while a 13th check is most certainly helpful in mitigating some of the harm thats been done to retirees in the form of stagnant annuities, its certainly not enough. Instead, the teachers union would prefer lawmakers look at a permanent cost of living adjustment that ensures that the system will be able to keep up with inflation.
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