Thursday, February 11, 2016
1012 C Street  •  Floresville, TX 78114  •  Phone: 830-216-4519  •  Fax: 830-393-3219  • 

WCN Site Search


Preview the Paper Preview the Paper

Preview this week's Paper
A limited number of pages are displayed in this preview.
Preview this Week’s Issue ›
Subscribe Today ›

Lost & Found

*Includes FREE photo online! mywcn.com/lostandfound
Bear, please come home! Missing since October 22, 2014, black Manx cat (no tail), shy. Reward! Help him find his way home. 210-635-7560.

VideoMissing: Male Boxer, since evening of Jan. 4, Hwy. 97 West, rear of Promised Land Creamery, $500 REWARD. Call 830-391-2240 with information.
More Lost & Found ads ›

Help Wanted

Seeking individual to work in a local child-care center, paid holidays, etc., must be high school grad or GED. Apply in person at Cubs Country Childcare, 212 FM 1346 in La Vernia.
Seeking a residential housekeeper, duties include cleaning, laundry, and ironing. For more information, call 956-286-6709.
More Help Wanted ads ›

Featured Videos





Video Vault ›
RE/MAX homeRichardson Chevrolet homeTNMC
You’ve been granted free access to this subscribers only article.

Section A: General News


Editorial: Fellow Texans, don’t be fooled, TRS is not in crisis!




E-Mail this Story to a Friend
Print this Story
Pris Kincaid
Fellow Texans — Did You Know?
September 26, 2012 | 1,071 views | Post a comment

Did you know that the Teacher Retirement System of Texas (TRS) had its beginnings during one of the worst time periods of our country, the Great Depression? It was 1937, and our country still faced great sacrifices with World War II only four years on the horizon. And yet, our great Republic of Texas deemed it necessary to pass a constitutional amendment on July 1, 1937, creating TRS, Texas’s first statewide teacher pension fund. TRS members, 38,000 of them, started contributing to the plan on Sept. 1, 1937.

Presently, due to economic stresses and market declines this past four years, approximately 31 states are facing teacher retirement funds that are underfunded, causing some to drop below rates considered solvent, according to an analysis report of the National Council on Teacher Quality. In contrast, Texas is one of 18 states with a teacher pension plan that is funded at least 80 percent or better.

It is because of this climate of crisis in other states that special interest groups here in Texas want to lump the Texas TRS into the same category, when the fact is TRS is well-funded at 83 percent with an estimated $690 million generated in state revenues and $280 million in local government revenues in 2011. TRS is one of the most professionally managed pension funds in the world (fifth-largest retirement fund in the nation and 23rd-largest in the world), earning 15.5 percent for the past fiscal year. TRS has earned $45 million in the past three years with a current value of $110 billion. TRS is the best-funded pension plan in this country with 61.4 percent revenue from investments.

Fellow Texans, TRS is not in crisis! This is a fabrication to capitalize on anti-government sentiment and an effort to enrich the private sector and business investment services that do not have our best interest in mind, that is, the 1.3 million members of TRS as well as all taxpayers in our great state.

TRS recently completed two legislatively mandated studies, one on the impacts of potential changes to the current defined benefit plan, and the other on addressing the solvency issues with the TRS-Care health insurance plan. The complete studies can be found at the TRS website. The key finding, according to the Texas Retired Teachers Association, is that, first of all, TRS is able to pay currently projected benefits through the year 2075, even without making any changes to the system. Overall, the study shows the current TRS defined benefit plan is a “combination of the best buy for employees and for the taxpayers.” It operates at a low cost, less than 2 percent of the entire state budget. Since 95 percent of the 302,595 annuitants live in Texas, these benefit payments of over $6.7 billion stay in Texas and go into the state economy every year. TRS is also a great value to all Texans by providing 98,900 permanent jobs across Texas.

The security enjoyed by many TRS retirees allows them the opportunity to provide many volunteer services to others, and thus, they are invaluable to their communities. For more information, visit www.trs.state.tx.us and www.trta.org.

Pris Kincaid is a retired Texas educator who lives in Wilson County.
 

Your Opinions and Comments


Be the first to comment on this story!


You must be logged in to post a comment.




Not a subscriber?
Subscriber, but no password?
Forgot password?

Section A: General News Archives


Full article available to Wilson County News subscribers only. Click here to subscribe. Agencies nab 7 in human-trafficking sting (February 10, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Apply now for Miss La Vernia Pageant (February 10, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Behind the lens: Hitting the trail (February 10, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. BPA students advance to state (February 10, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Bud Box ends two-decade career at alternative school (February 10, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Chamber to hold monthly luncheon (February 10, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. China Grove mayor, police chief clash (February 10, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Commissioners amend Kicaster-area fire coverage plan (February 10, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Court Update (February 10, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Dating and the budget (February 10, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Donate blood to save lives (February 10, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Editorial: It’s about ‘We the People’ … what will ‘we’ do? (February 10, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Editorial: National election: Iowa down, New Hampshire to go (February 10, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Firefighters plan Pancake Breakfast (February 10, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Floresville mayor to councilman: Sit down or else (February 10, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Floresville park’s erosion problems prompt action (February 10, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Free heart health screenings (February 10, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. H-E-B ice cream recall (February 10, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. La Vernia trustees consider $33.2M bond, approve new finance chief (February 10, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Lean meat still part of a heart-healthy diet (February 10, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Letter: House fire victim extends gratitude (February 10, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Letter: Pastors should keep out of politics, stay in church (February 10, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Letter: Unruly government needs discipline (February 10, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Letter: Writer says it’s okay to ignore the charter (February 10, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Meeting Watch: Evergreen Underground Water Conservation District (February 10, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Meeting Watch: Floresville Planning & Zoning Commission (February 10, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Meeting Watch: St. Hedwig City Council (February 10, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Oil, gas leasing workshop Feb. 22 (February 10, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. One-stop tax shop? (February 10, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Petition supporters plan protest rally (February 10, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Police Blotter (February 10, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Presidents’ Day office closures (February 10, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Register for Great American Cleanup (February 10, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Save the date for ‘Hope in High Cotton’ (February 10, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Should Christians support sanctuary for illegal aliens? (February 10, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Stockdale supports apartment venture (February 10, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Things are looking up in downtown Stockdale (February 10, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. ‘Official oppression’ or ‘criminal trespass’? (February 10, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Agencies uncover $400K in stolen vehicles, parts (February 3, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. China Grove begins vote on tax rollback (February 3, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Clock running out for Floresville recall issue (February 3, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Connally expands high-tech health care (February 3, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Council action changes boards (February 3, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Court Update (February 3, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Deputies charge Floresville spurned lover with arson (February 3, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Deputies investigate recent thefts (February 3, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Editorial: The demand for villains (February 3, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Editorial: What’s in a city charter? Is it like a … Constitution? (February 3, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Eight-liner opponents face deadline (February 3, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. FELPS pools tornado damage claim with city, Floresville ISD (February 3, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Floresville USDA accountant resigns (February 3, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Free CERT disaster course (February 3, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Get a free heart health screening in Kenedy Feb. 12 (February 3, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Greater LV Chamber to meet (February 3, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. H-E-B recalls cookware (February 3, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Hold on for now (February 3, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. It’s all happening at Nixon-Smiley Elementary (February 3, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Kicaster area will have fire coverage (February 3, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Landfill welcomes China Grove junk (February 3, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Letter: Apple Pie author extends thanks (February 3, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Letter: Gonzales differs with writer’s conclusion (February 3, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Letter: Talamantez truly a man of the people (February 3, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Life Line Screening event set in Floresville Feb. 28 (February 3, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Mock Republican Debate Feb. 20 (February 3, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Nixon-Smiley livestock show set for March (February 3, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. One dead in game-room robbery (February 3, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Pioneer Award honors Burnside (February 3, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Pirates Cove in Poth offers after-school care service (February 3, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Police Blotter (February 3, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Save the date for Lincoln Dinner (February 3, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. School district cops ink deal with city, county (February 3, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Second responders to meet (February 3, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Stockdale, La Vernia units respond to back-to-back fires (February 3, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Tanneberger is top agent (February 3, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Weigh in on Loop 410 changes (February 3, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Wilson County Hermann Sons lodges meet new-member goal (February 3, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. ‘Loving’ heart-shaped treats are for the birds (February 3, 2016)