State Employee Benefits in Texas

Those of you who work for state universities in Texas should take a look at a story in the Texas Tribune (“Benefits and Drawbacks“) about the shortfall in the system and the changes they will spawn. It looks like the  Employee Retirement System will have a $140.4 million shortfall next year and another $880 million over the two following years. That’s on top of $476 million needed to replenish a contingency fund.

Not good.

Remember: Many state legislators think professors and bureaucrats are already pampered. They’re not going to make protecting our benefits a high priority. Health care is not going to be an issue that anyone is anxious to talk about. State employees can expect some significant and enduring increases in health care costs.

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