Sen. Robert Duncan, R-Lubbock, said a bill the Senate signed off on Friday will "moderately" improve the Teacher Retirement system, which has $11 billion in unfunded liabilities.
The system covers about 1 million employees and retirees.
Under Senate Bill SB 1691, the teacher retirement age would increase from 55 to 60, although the new retirement age would affect only teachers who start working September 2007 or later.
The bill also attempts to stop incentive for early teacher retirement.
And, the proposal also would change the base of retirees' benefits to the highest five years of their salary, instead of the highest of three.
TEXAS LEGISLATURE
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CENTRAL TEXAS STATE SENATORS:
Sen. Kip Averitt, R-McGregor
(State Sen. District 22 includes: Bosque, Coryell, Ellis, Falls, Hill, Hood, Johnson, McLennan, Navarro, Somervell Counties)
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Sen. Troy Fraser, R-Horseshoe Bay
(State Sen. District 24 includes: Bell, Blanco, Brown, Burnet, Callahan, Coleman, Comanche, Eastland, Erath, Gillespie, Hamilton, Kerr, Kimble, Lampasas, Llano, McCulloch, Mason, Menard, Mills, San Saba, Taylor Counties)
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Sen. Steve Odgen, R-Bryan
(State Sen. District 5 includes: Brazos, Burleson, Freestone, Grimes, Houston, Lee, Leon, Limestone, Madison, Milam, Robertson, Trinity, Walker, Williamson Counties)
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CENTRAL TEXAS STATE REPRESENTATIVES
Rep. Byron Cook, R-Corsicana
(State Rep. District 8 includes: Anderson, Freestone, Limestone, Navarro Counties)
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State Rep. Jim Pitts, R-Waxahachie
(State Rep. District 10 includes: Hill, Ellis Counties)
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State Rep. Dan Gattis, R-Georgetown
(State Rep. District 20 includes: Milam, Williamson-part, Counties)
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State Rep. Harvey Hilderbran, R-Kerrville
(State Rep. District 53 includes: Callahan, Coleman, Concho, Crockett, Kerr, Kimble, Llano, McCulloch, Mason, Menard, Real, Runnels, San Saba, Schleicher, Sutton Counties)
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Rep. Suzanna Gratia Hupp, R-Lampasas
(State Rep. District 54 includes: Bell-part, Burnet, Lampasas Counties)
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Rep. Dianne White Delisi, R-Temple
(State Rep. District 55 includes: Bell-part County)
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Rep. Charles Anderson, R-Waco
(State Rep. District 56 includes: McLennan-part County)
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Rep. Jim Dunnam, D-Waco
(State Rep. District 57 includes: Falls, Leon, McLennan-part, Madison, Robertson Counties)
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Rep. Rob Orr, R-Burleson
(State Rep. District 58 includes: Bosque, Johnson Counties)
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Rep. Sid Miller, R-Stephenville
(State Rep. District 59 includes: Comanche, Coryell, Erath, Hamilton, Mills, Somervell Counties)
Click Here For Miller House Web Site