I'll be right back with my own cut and paste response.
Yes, but you’re from Texas so any posts you do about Perry are a conflict of interest.
As Ronald Reagan would say, "There you go again!"
The Teachers Retirement System is governed by a Board of Trustees. The Board is composed of nine trustees who are appointed to staggered terms of six years. Three trustees are direct appointments of the governor. Two trustees are appointed by the governor from a list prepared by the State Board of Education. Two trustees are appointed by the governor from the three public school district active member candidates who have been nominated for each position by employees of public school districts. One trustee is appointed by the governor from the three higher education active member candidates nominated by employees of institutions of higher education. One trustee is appointed by the governor from the three retired member candidates who are nominated by retired TRS members.
I guess you're implying that these teachers and retired teachers are somehow bribing Perry with TRS money.
In 2000, when Perry took office, the TRS had more assets than it needed to fund retiree benefits for more than 30 years.
But by 2010, the TRS has an unfunded liability of $21.6 billion.
I haven't check those figures yet but ever hear of the DOT.com crash of 2000-2003 and the 2008 crash? The NASDAQ isn't even back up to half what it was 11 years ago. And how much interest does a bank CD or Money Market Fund return these days. The TRS got hurt just like everybody else did.