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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.
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.
Robin Hood plan. The Robin Hood Plan is a colloquialism given to a provision of Texas Senate Bill 7 (73rd Texas Legislature) (the provision is officially referred to as "recapture"), originally enacted by the U.S. state of Texas in 1993 (and revised frequently since then) to provide equity of school financing within all school districts in the ...
The minimum wage in Texas, which applies to covered, nonexempt minimum wage workers, is only $7.25 per hour. Yet according to a living wage calculator developed by researchers at the Massachusetts ...
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March 28, 2024 at 11:34 PM. Ryan C. Hermens/rhermens@herald-leader.com. The two-year budget finalized late Thursday contains some good news for current state employees but fails to increase ...
The Fair Minimum Wage Act of 2007 [3] is a US Act of Congress that amended the Fair Labor Standards Act of 1938 to gradually raise the federal minimum wage from $5.15 per hour to $7.25 per hour. It was signed into law on May 25, 2007 as part of the U.S. Troop Readiness, Veterans' Care, Katrina Recovery, and Iraq Accountability Appropriations ...
You may be getting a raise next year. A survey by two compensation consulting firms revealed that businesses intend to increase employee pay by an average of 3.5 percent in Companies plan raises ...