Some members of the Texas teacher retirement system (TRS) will be getting reduced health insurance premiums.
The governor announced Thursday (April 30) that he has directed the TRS board of trustees to implement the maximum feasible premium reductions for retired educators enrolled in Medicare Advantage insurance.
The governor’s news release and a letter he sent to the TRS trustees chairman does not give the amount of the premium reduction, when it will start, or how many retirees are enrolled.
The governor’s announcement came during the first of two days of meetings by the TRS board.
News release from the governor’s office:
Governor Greg Abbott today directed the Teacher Retirement System of Texas (TRS) Board of Trustees to implement the maximum feasible premium reductions that both preserve the long-term financial stability of the TRS-Care fund and reduce Medicare Advantage insurance costs for retired educators.
“Texas has long supported the retired public educators who dedicated their careers to teaching the next generation of Texans,” said Governor Abbott. “Over the past several years, the state has made historic investments to strengthen retirement security and provide meaningful financial relief to teachers. The state’s ongoing support for retired educators has created another opportunity to return savings directly to our retired teachers.”
