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.
Post #52 is directed to RED SOUTH
I’m glad someone has the energy to keep looking up and refuting these charges.
Since they keep being shown to be false, I’ve kind of taken to ignoring them, especially when they don’t even give a link.
And after last night, when I got into an argument with someone who said Perry tried to use his Governor ID to get out of a speeding ticket (only to find that there was no ticket being written, he wasn’t driving the car, and his sin was to ask the officer if she could hurry it up because they were late for a meeting), I realised how much I was getting wrapped up in debunking inaccurate attacks on Perry.
I hadn’t had to do near as much debunking when Freepers were attacking Bachmann - but I presume that’s because they decided Bachmann wasn’t as much of a threat to their preferred candidate.