The Teacher Retirement System of Texas is considering a move from its current downtown Austin office to one in the Mueller development area in Central East Austin, with a new building estimated to cost between $250-300 million. However, the agency projects that the savings and revenue generated by the move will more than offset the cost in the long run.
TRS has long been considering the need to relocate its facilities to accommodate staffing increases and growing agency responsibilities. The Facebook Live event—set for August 26 at 12:30 p.m. on TRS’s Facebook page—is part of the agency’s’ efforts to engage with members on these relocation plans.
The TRS Board of Trustees will vote on the future of the agency’s headquarters at its September 16-17 meeting. Questions, comments, and feedback on the presentations can be sent to MovingForwardComments@trs.texas.gov.
TRS also has reported that the purchase would not affect the actuarial soundness of the pension fund. For more information about the possible move and the agency’s fiscal status, see the TRS Q&A on long-term facilities planning.