Pension checks delayed for hundreds of recently retired Texas teachers
One-third of recently retired Texas teachers were delayed in receiving their first pension checks after the state transitioned to a new pension processing system.
In previous years, the Teacher Retirement System of Texas would have sent out almost all checks by Sept. 1 to teachers who had retired over the summer — about 20,000 annually.
This year, the system had sent out checks to two-thirds of recent retirees by Sept. 1, forcing some who were skipped to dip into savings or take cost-cutting measures.
Pension spokeswoman Rhonda Price said some of the delays were due to the learning curve for employers — school districts and some colleges — to navigate the new processing system and to complete required reports on their retirees.
Read more: https://www.statesman.com/news/20181012/pension-checks-delayed-for-hundreds-of-recently-retired-texas-teachers
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