Earlier in the year, I posted a blog (Your Retirement Plan) that shared a site that (1) contrasted Defined Benefit and Defined Contribution (two very important terms as they relate to TRS; and a site that shared (2) The Truth About TRS: Strong, Stable and Essential to Texas’ Future.
I did this because there are people who are looking at changing your retirement plan from defined benefit to defined contribution. The change, if accomplished, would be a significant departure from the retirement plan you now have.
The Association of Texas Professional Educators (ATPE) recently published an article titled, YOUR DEFINED BENEFIT PENSION IS UNDER ATTACK, BUT ITS CRITICS ARE IGNORING THE FACTS: TRS WORKS. It shares more information on the same subject.
This matter is important. You may want to stay informed.