September 1 of odd-numbered years is the date when most laws passed during the previous Regular Session of the Texas Legislature take effect. Lawmakers did not make any striking changes regarding TRS retirement eligibility in 2015, but did enact a few categorical adjustments that may affect some members of TRS—if not right away, then maybe later.
As reported here before, the TRS fund is basically in good shape, thanks to changes enacted in 2013, and a healthy return on managed investments. A long term positive trend line is necessary, under the law, to permit prospective benefits enhancements.
If you are a TRS member and have not seen the July issue of TRS News, please have a look. Here it is, in pdf format.
As you read it, keep in mind that community college educators and retirees do not receive health benefits from TRS, but from ERS. Therefore, references to health care in the newsletter do not apply to members at two-year institutions.
Also in the publication, please note several rule changes made recently by the TRS Board of Trustees. Contact the agency with any questions regarding your particular situation.