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The current Social Security COLA projection for 2025 is 2.66%, according to the Senior Citizens League. TSCL updated its 2025 COLA prediction based on April’s CPI-W data, which came in at 3.4% ...
Pay raises for state employees start at 5%. ... The entire 2025 budget is $25.1 billion, with $10.4 billion from the state general fund, which is what lawmakers have direct control over.
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Employees Retirement System of Texas. Employees Retirement System of Texas (ERS) is an agency of the Texas state government. [1] ERS was created in 1947. [2] It oversees retirement benefits of state employees. [3] It is headquartered at 200 E 18th Street in Austin, Texas. [4] It is currently managed by CIO Tom Tull.
The 80th Texas Legislature increased the state contribution rate to the Teacher Retirement System of Texas from 6.0% to 6.58% of employee payroll. This, coupled with investment returns of 14.4% in 2007, yielded an actuarial valuation that allowed the pension trust fund to pay the supplemental payment and still have a funding period under 31 years.
April 29, 2024 at 11:44 AM. Staring down a $30 million budget deficit for the 2024-25 school year, Austin school board members are considering asking district voters to authorize a higher property ...
The Georgia House of Representatives overwhelmingly passed a $36.1 billion fiscal 2025 state budget Thursday with generous raises for teachers and state employees made possible by a huge surplus.
March 5, 2024 at 2:17 PM. The Florida Legislature is looking to boost the pay for a depleted state work force and for the third consecutive year has inserted a pay raise in a $116 billion state ...