Congress should reform the Windfall Elimination Provision and the Government Pension...
The Legislature, affecting every teacher who has retired since 2004. If a cost-of-living adjustment had been in effect for retired teacher pension payments, a Texas retiree would now be getting almost $3,000 per month. Instead, they’ve seen their buying power dwindle: $2,000 in 2022 is equal to $1,350.89 in 2004.
Well, now that the state is apparently flush in cash, it’s time for the Legislature to do right by our retired educators. Withthanks to robust sales tax revenues, lawmakers should use a chunk of that money to give retirees’ pensions a long overdue cost-of-living boost.
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