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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.
Of those who plan to give pay raises, 13% say they’ll increase average compensation by 10% or more, 58% plan an increase between 4% to 9%, and 26% plan for nominal change.
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During the last budget cycle, nearly all state employees were given a one-time 8% salary bump. Teacher raises are a separate question . Democrats, led by Gov. Andy Beshear, have long asked for ...
The Texas Highway Patrol is a division of the Texas Department of Public Safety and is the largest state-level law enforcement agency in the U.S. state of Texas.The patrol's primary duties are enforcement of state traffic laws and commercial vehicle regulation, but it is a fully empowered police agency with authority to enforce criminal law anywhere in the state.
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.
State and university employees also would get a 4% pay increase, up to $70,000 in salary. The typical state employee makes $50,400. Some employees would get more.
The tipped wage is base wage paid to an employee in the United States who receives a substantial portion of their compensation from tips.According to a common labor law provision referred to as a "tip credit", the employee must earn at least the state's minimum wage when tips and wages are combined or the employer is required to increase the wage to fulfill that threshold.