TEXAS AFT LEGISLATIVE HOTLINE--MONDAY, AUGUST 24,
2009 (copyright 2009 Texas AFT) * TRS
Update * Further Word from TEA on H1N1 Flu * Health-Care
Reform Myth #2, Plus an Online
Poll TRS Update: The
board of trustees of the Texas Teacher Retirement System heard
last week that your pension trust fund as of June 30 achieved
one of the best quarterly returns ever, lifting net assets by
more than $8 billion to a total of $82.4 billion. However, that
remarkable quarterly gain has to be put in the context of
historic losses sustained since last September in what some have
dubbed the Great Recession. At its high point in 2008, your
pension fund's net assets briefly rose to $118 billion. Thus, as
of June 30, the upswing that began in February of this year had
restored less than a fourth of the value lost since
September. Don't let anyone tell you that payments
of benefits from the pension fund are in jeopardy because of the
market's downturn. They are not. But state legislators certainly
have ample reason to rethink the decision they made this spring
to cut the state's contribution rate to your pension fund from
6.58 percent down to 6.4 percent. The state contribution rate
should be going up, not down, in order to hasten the day when
real, permanent benefit improvements can be enacted
again. Further Word on H1N1 Flu:
The Texas Education Agency put out new guidance to school
administrators today on dealing with H1N1 flu virus as five
million Texas students return to school this week. The
information tracks the advice coming from the federal government
that we reported in the hotline for August 21. Reviewing the
experience of last spring, today's guidance letter from
Commissioner of Education Robert Scott notes: "Because there was
limited knowledge of the severity of the flu strain, the
Department of State Health Services recommended school closures
in those areas believed to be affected by the H1N1 virus. With
new information and research, it is evident that this flu strand
contains moderate symptoms that resemble those in seasonal flu,
and thus school closures will no longer be recommended to limit
transmission." But that doesn't mean school closures are ruled
out in case of a severe outbreak. To see the full text of the
commissioner's letter, outlining steps for district and campus
administrators and for parents to take, go to http://ritter.tea.state.tx.us/taa/health082409.html.
Health-Care Reform Myth #2, and an Online
Poll: Courtesy of our national affiliate, the American
Federation of Teachers, we offer the second in a series of
"mythbusters" about health-care reform, plus an invitation to
participate in an online poll sponsored by
AFT. MYTH #2: A public-plan option will force all
Americans into a government-run health program. THE
FACTS: Individuals with insurance do not have to choose the
public option. As President Obama has said: "If you like what
you have, you can keep it." Reform will create a
health-insurance "exchange" for the uninsured; this will allow
individuals to compare prices and health plans to choose which
plan (public or private) is right for them and their families.
The choice is left up to the individual. The public-plan option
will benefit uninsured as well as insured Americans by
increasing competition and choice in the marketplace. It will
hold private insurers accountable by giving their customers an
affordable alternative. It will lower costs while ensuring
affordable health care. As the nation debates
health-care reform, AFT would like to hear from you on this
important issue. Please take a short survey to and rate the most
important elements of health-care reform: http://leadernet.aft.org/surveymaker/take/survey.cfm?id=33cf7fb5-5056-b94b-1110-14068a76ca29. Also
visit http://www.aft.org/fight4america to learn more
about AFT's position on health-care reform and how you can be
part of the action.
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