Retired teachers across Texas need answers about the handling of the proposed TRS lease agreement at Indeed Tower in downtown Austin. I commend Chairman Murphy for adding this issue to a forthcoming Pensions, Investments, & Financial Services committee hearing. As a member of the appropriations committee, I am deeply concerned with the prospect that such a large cost is being shouldered by a pension fund that just received significant additional funding from the legislature to assure actuary soundness.
It also is challenging to hear the head of the pension fund use “employee recruitment” as justification. I suspect that argument does not sit well with teachers who often forego careers in lucrative industries to educate the next generation. We made a promise to retired teachers; TRS leadership has to act responsibly to fulfill that promise!
Let’s all make a difference together and keep Texas RED!
GOD BLESS TEXAS!