TRS Funding
TRS funding
- Continue funding for SB 1458 – Beginning in fiscal year 2015, school districts are required to make TRS contributions equal to 1.5 percent of their employees’ compensation. The State currently offsets this incremental cost by contributing $67.55 per ADA. Continued funding impact on PfISD is $1.5 million.
- Maintain the Teacher Retirement System – The structure and benefits offered through TRS should remain unchanged.