Retired teachers in Texas are set to receive benefits of up to $2,400, with distribution scheduled for the end of December through the state’s Teacher Retirement System (TRS).
The benefits, aimed at teachers aged 70 and above, will be provided as a one-time stipend of $2,400. The distribution process involves sending benefits by mail on December 28 for those who opted for a paper annuity check.
For retirees with direct deposit, the benefits will be reflected in their accounts on December 29. The TRS issues annuity payments on the last business day of each month.
The duration for the arrival of the $2,400 payment via check is estimated at five business days for mail delivery.
If recipients do not receive their checks within this period, they are advised to contact TRS at 1-800-223-8778.
How long will it take for the $2,400 payment to arrive if received by check?
In case the check has been cashed, TRS will provide a copy of the cashed check.
If not, TRS will initiate a stop-payment on the original check and request a replacement, which will be mailed within seven to 10 days.
Recipients are urged not to cash the original check if it arrives by mail, as it will be considered invalid.
Looking beyond 2022, the Texas Legislature approved Senate Bill 10 for 2023, proposing increases ranging from two percent to six percent in the monthly pension checks for retired teachers.
This legislative measure, included in the 2023 ballot as Proposition 9, secured approval from voters to allocate $3.3 billion from the general revenue fund for the specified increases.
Proposition 9 extends its impact not only to teachers but encompasses all retired employees within the public education sector in Texas.
The move is part of ongoing efforts to support retired educators and ensure their financial well-being in acknowledgment of their dedicated service to the education system.