April 3, 2014

The Coalition working for you

Rep. Sam Kito III

Rep. Sam Kito’s Newsletter: Bills on the Move

This week, the education debate has heated up with House Finance releasing a Committee Substitute and considering amendments to the omnibus Education bill (HB 278). The bill that finally came out of the committee included some troubling changes from the Education Committee version. I am especially concerned about the changes to the Teachers Retirement System (TRS), which could cause the insolvency or exhaustion of the trust fund in ten years. This would result in a pay-as-you-go plan that would make active teachers pay for retired teachers and significantly increase the required contribution by active teachers.

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