There is opposition to the relocation plan of the Texas Teacher Retirement System (TRS).
Brazos Valley state representative Trent Ashby, whose district includes Madison and Leon counties, issued a statement that in part says “TRS should put the needs of their membership above lavish office space.”
KRLD Radio in Dallas reports the TRS lease for 100,000 square feet at Austin’s Indeed Tower costs $4 million a year.
Tim Lee of the Texas Retired Teachers Association told KRLD that he and retired teachers hope “when the Senate Finance Committee and the House Pensions and Investments Committee get together later this month or the beginning of next month we’ll know a whole lot more about what the resolution could be.”
Statement from state representative Trent Ashby of Lufkin:
My office has recently received a number of phone calls regarding the Teacher Retirement System of Texas (TRS) and their tentative plan to rent upscale offices in downtown Austin. While my colleagues and I will continue to monitor this recent development, I have serious concerns with the current plan. As the organization responsible for managing one of the nation’s largest public trust funds, I believe TRS should put the needs of their membership above lavish office space.