May 01, 2019 11:12 Updated Follow No. This proposal only impacts the funding of the pension system, not retired member benefit amounts. Related articles Will this proposal impact future COLAs or thirteenth checks to retired teachers? If teachers get a pay increase, will teachers pensions funds increase in liabilities? Is the proposal fiscally and actuarially sound? Since the TRF Pre-’96 Fund has a higher unfunded liability than the TRF ’96 Fund, why not direct the $150 million to the TRF Pre-’96 Fund? Which TRF fund is impacted by this proposal?