COM - Communications

FOR IMMEDIATE RELEASE: Nov. 10, 2020

FOR IMMEDIATE RELEASE: March 1, 2021

New Teacher Retirement System of Texas (TRS) Publication Shows the Value of Pension and Health Care Benefits

Austin – A new publication from the Teacher Retirement System of Texas (TRS) illustrates the positive impacts that TRS’ annuity payments have on the lives of members and the Texas economy. In addition, the brochure details the benefits that TRS’ health insurance plans bring to the state.

FOR IMMEDIATE RELEASE: June 3, 2021

Teacher Retirement System of Texas Moves Forward with Ombuds Role

AUSTIN—Teacher Retirement System of Texas (TRS) is moving forward with a plan to hire the agency’s first-ever ombudsman (“ombuds”). While TRS’ Board of Trustees proactively discussed the scope of the role at its June 3 meeting, the creation of an ombudsrole comes in response to actions of the 87 th session of the Texas Legislature and the resulting Sunset Law, HB 1585.

FOR IMMEDIATE RELEASE: July 2, 2021

Indeed Tower Sale Releases TRS From Lease Obligation

AUSTIN - TRS has no further lease obligations as a result of the recent sale of the new Indeed Tower located in downtown Austin. Kilroy Realty Corporation of California purchased the property from an investment group that included Principal Real Estate Investors. The sale closed June 23.

FOR IMMEDIATE RELEASE: Sept. 16, 2021

Governor Authorizes One-Time Supplemental Payment for Eligible TRS Retirees

AUSTIN – Texas Governor Greg Abbott signed into law legislation enabling a one-time supplemental payment to eligible Teacher Retirement System members who retired on or before Dec. 31, 2020. Senate Bill 7 provides a payment to eligible retirees and beneficiaries in either the same amount of their monthly annuity or $2,400, whichever is less.

FOR IMMEDIATE RELEASE: Sept. 17, 2021

FOR IMMEDIATE RELEASE: April 28, 2022

TRS Board votes to ensure no premium increase in TRS-ActiveCare after the Governor’s Office identifies additional federal Covid-19 funding

AUSTIN—Teacher Retirement System of Texas (TRS) trustees voted to approve new TRS-ActiveCare rates today, keeping rates flat for the coming plan year.

FOR IMMEDIATE RELEASE: October 4, 2022

Teacher Retirement System of Texas Closes on Successful Sale of Red River Property

AUSTIN—The Teacher Retirement System of Texas (TRS) today announced the successful sale of its Austin headquarters property on Red River in downtown Austin. The $108 million sale to a subsidiary of a publicly traded real estate investment trust completes an extensive competitive sale process to ensure the best value for the 3.8-acre property and buildings.

FOR IMMEDIATE RELEASE: October 19, 2022

Teacher Retirement System of Texas Surpasses $1 Billion Monthly Annuity Milestone

AUSTIN—Teacher Retirement System (TRS) has reached a significant milestone as part of its ongoing service commitment to its growing retiree population. For the first time this October, TRS exceeded more than $1 billion in a single month in annuity payments going out to more than 458,000 annuitants.