Along with the four plan options administered by Blue Cross Blue Shield of Texas, a part of , and , there are three HMO options offered under TRS-ActiveCare for the 2011-2012 plan year: FirstCare Health Plans, , and Valley Baptist Health Plans | Austin: The University of Texas Printing Division |
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Unsourced material may be challenged and removed | The struggle culminated in three final steps: 1 Passage by the 1935 Legislature of a joint resolution which put a proposed constitutional amendment on the ballot for voters in November 1936; 2 voter approval of the constitutional amendment authorizing the Legislature to pass a law setting up the system; and 3 legislative enactment in 1937 of the "enabling legislation" which put the constitutional amendment into action |
Retirement benefits are financed by member and state contributions, employer contributions in some circumstances, and through investment earnings of the pension trust fund.
6The pension trust fund provides service and , as well as death and survivor benefits, to eligible Texas public education employees and their beneficiaries | TRS fund experiences significant drop in market value |
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The legislative objective was to help assure the plan's long-term viability by influencing future retirement patterns | It also manages a pension trust fund for the benefit of its members |
This project is now known as the Teacher Retirement Enterprise Application Modernization TEAM Program.
30This shift in assets is intended to increase investments diversification and returns without increasing risks to the fund | The law includes a new method of calculating a retirement annuity, increased contribution rates, death and survivor benefit coverage, guaranteed minimum retirement annuities, disability benefits, broader investment authority, lower retirement age requirements, expanded retirement options and the purchase of retirement credit for out of state service |
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The plan is available on an enrollee-pay-all basis |
Long-term care insurance [ ] The TRS first introduced the Group Long Term Care Insurance Program for Public School Employees in 2000, as a result of legislation that is now codified in Chapter 1576, Texas Insurance Code, and TRS Rules.
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