Democrats controlled the House during the entire Reagan ("government is not the solution, it is the problem") Presidency. He was not a big spender- shocker alert - Congress was. But his greatest achievement was getting us out of the Jimmy Carter economic mess (18% inflation, 18% interest rates, 8% unemployment, 55 MPH speed limit, gas stations closed on Sundays, etc.) about which some young adults have no clue. I knew the TRS rules when I retired in 2003 - no cost of living increases - so I planned accordingly and was able to retire at the age of 53 and still live comfortably now. And there are thousands of others just like me. And thousands of others (like my brother) who also retired early and blew through their savings quickly and now constantly send me and others pleas for money. Some people cannot tune a flute section and some people cannot manage money. I feel sorry for both but that's life.
...and for most of that time, Democrats controlled the legislative branch...the branch responsible for coming up with spending bills. Reagan didn't "big spend", he stressed a reduction in spending, vetoed a bill from a Democrat-lead congress that wanted to go big spend...only to have that veto overridden. So the Left gave you the big spending, not Reagan. Because of that one bill that became law...Recession of 1991, and the housing collapse of 2008.
Of course, feel free to repeat what you said over, and over...it won't be correct even after you repeat it.
If we keep electing republicans we may soon be working in private schools with no retirement. Check your history- "robin hood" was court ordered, and Republicans were in office at the time. The economy has been a mess since Reagan's big spending, Bush's mishandling of the economy. Republican Party - the party of millionaires- Not retired people, not working people.
It has been so long that people don't remember, but last time the Democrats were in charge we got Robin Hood (the small, efficient district I worked for had to take out a loan to make payroll and almost went bankrupt) and a new penal code that made kicking a dog a felony but reduced hitting a teacher to a misdemeanor along with a stumbling economy.
I also wish that TRS would pay out more, but my supplemental income does much, much better when the economy is better, and that happens when the Republicans are in charge.
I hate to say it because this is Texas and I've always voted with the Republican majority. But teachers will never get s#%t from the Republicans.
I ask this question, of course, knowing that answer. I retired in 2001, so it has been 17 years. TRS is, as I have read, one of the most fiscally viable retirement systems in the country – not just Texas mind you – but the country.
However, in the 17 years TRS members have not received one dollar raise or cost of living adjustment. In fact, a few years ago my TRS check was reduced by about $60.00 and then the first of this year it was reduced by $82.52. Now that is not a great deal of money ($990.24 over the year), however, tack that on to the $60.00 reduction (tax increase) and it comes to several thousand dollars over the years.
Those of you that are retired know this all too well. Those of you still working and looking for that day you can retire and “enjoy life after the class room”, need to know that your current politicians could really care less about if you eat or not when you are old.
I know, I do not want this to be a political post because I HATE to read them here, however, this is a ‘teachers’ board and how you are treated after you give the State of Texas 30 or more years of your life and skill – really need to know the reality of being a retired teacher in Texas.
You need to ask yourself, ‘who decides if I get a cost of living raise when I am retired’ and you need to become politically active. Just think what you paid 17 years ago for bread, fruit, cars, electric, cloths… anything! This must change and only the people of Texas – and especially teachers in Texas – can change this total lack of concern about how, or even if, a retired teacher can pay their electric bill or put food on the table.
This is a serious problem and an important aspect of being a teacher. I could NEVER recommend to a student that they become a teacher knowing what I know now.
What is the problem with one of the richest retirement systems in the country giving their ‘members’ a basic cost of living increase? I have been retired long enough to have seen the thousands of dollars raise that our politicians gave themselves several years ago. And, I have lived long enough to have to take a job at 70 plus years, to make up for inflation!