Texas / Teacher Retirement System

Agency file

Teacher Retirement System

Source file: Texas — State Employee Salaries (Texas Tribune) / ingested Jun 18, 2026

The Teacher Retirement System administers public education — funding, academic standards, and the operation of schools.

In 2026, this agency had 1,258 employees with median total compensation of $111,261; the highest distinct record was $850,005.

Year: 2026
Total payroll: $172M
Employees: 1,258
Median total: $111,261
Highest record: $850,005

What the records show

Compensation analytics

These summaries compare pay within the agency before listing individual records.

Salary distribution

$19,266$405,000+

Hover a bar for its range; click to filter the list below.

How 2026 total compensation is spread across the 1,258 employees. Each bar is a pay range; taller bars mean more people earn in that range. The amber line marks the median ($111,261) — half earn less, half more. The far-right bar collects the highest earners.

Average pay composition

Base — $136,726 (100%)
Overtime — $0 (0%)
Other — $0 (0%)
Benefits — $0 (0%)

What an average paycheck here is made of — base salary versus overtime, other pay (bonuses, allowances), and benefits. A large overtime or other-pay share means take-home often exceeds base salary.

Pay percentiles

10th

25th

Median

75th

90th

$62,498

$72,786

$111,261

$162,260

$252,751

The pay ladder for this department. Someone at the 90th percentile earns $252,751 — more than 90% of the department; the 10th percentile earns $62,498. The shaded band is the middle half of employees (25th–75th percentile).

Largest job titles

Benefit Counseling S2

90 · $67,819

Benefit Processing S2

65 · $64,844

Application Development P3

37 · $149,078

Inv Platforms Administrative Senior Associate

32 · $154,653

Benefit Processor Senior

32 · $76,074

The most common job titles in this department by headcount, with the median total compensation for each. Click a title to see everyone who holds it.

Trend

Year over year

How this department's total payroll, headcount, and median pay changed across the 2 published years.

Year	Total payroll	Employees	Median pay
2025	$161.5M —	1,256 —	$103,450 —
2026	$172M ▲ 6.5%	1,258 ▲ 0.2%	$111,261 ▲ 7.6%

Record list

Employees

Page 1

Craig Mccullough

Inv Manager Budget & Accounting/Teacher Retirement System

2026 total comp

$276,363

Base pay: $276,363
Overtime: $0
Other pay: $0
Benefits: $0
Total compensation: $276,363
Employment type: Urf - Unclassified Regular Full-Time
Full-time equivalent (FTE): 1
Middle name: R

Source-specific fields

Class Code: VOM2
Hire Date: Sep 24, 2001
Monthly Pay: $23,030
State Employee Number: 139146

Craig Mccullough holds the role of Inv Manager Budget & Accounting at Teacher Retirement System. Their status is urf - unclassified regular full-time. In 2026, their total compensation was $276,363.

Gabriel Salinas

Ext Pub Investment Director/Teacher Retirement System

2026 total comp

$276,250

Base pay: $276,250
Overtime: $0
Other pay: $0
Benefits: $0
Total compensation: $276,250
Employment type: Urf - Unclassified Regular Full-Time
Full-time equivalent (FTE): 1

Source-specific fields

Class Code: VUP3
Hire Date: Mar 1, 2017
Monthly Pay: $23,021
State Employee Number: 939664

At Teacher Retirement System, Gabriel Salinas serves as a Ext Pub Investment Director. They work urf - unclassified regular full-time. Their 2026 pay totaled $276,250.

Kerry Skehan

Inv Manager Budget & Accounting/Teacher Retirement System

2026 total comp

$276,208

Base pay: $276,208
Overtime: $0
Other pay: $0
Benefits: $0
Total compensation: $276,208
Employment type: Urf - Unclassified Regular Full-Time
Full-time equivalent (FTE): 1
Middle name: C

Source-specific fields

Class Code: VOM2
Hire Date: Sep 1, 2018
Monthly Pay: $23,017
State Employee Number: 1137308

Kerry Skehan holds the role of Inv Manager Budget & Accounting at Teacher Retirement System. Their status is urf - unclassified regular full-time. In 2026, their total compensation was $276,208.

John Herrick

Health Chief of Staff/Teacher Retirement System

2026 total comp

$275,600

Base pay: $275,600
Overtime: $0
Other pay: $0
Benefits: $0
Total compensation: $275,600
Employment type: Urf - Unclassified Regular Full-Time
Full-time equivalent (FTE): 1
Middle name: C

Source-specific fields

Class Code: HOM4
Hire Date: Apr 1, 2025
Monthly Pay: $22,967
State Employee Number: 79719

At Teacher Retirement System, John Herrick serves as a Health Chief of Staff. They work urf - unclassified regular full-time. Their 2026 pay totaled $275,600.

Lucas Mcnulty

Enri Director/Teacher Retirement System

2026 total comp

$275,000

Base pay: $275,000
Overtime: $0
Other pay: $0
Benefits: $0
Total compensation: $275,000
Employment type: Urf - Unclassified Regular Full-Time
Full-time equivalent (FTE): 1
Middle name: H

Source-specific fields

Class Code: VVP3
Hire Date: Jun 1, 2021
Monthly Pay: $22,917
State Employee Number: 1404651

Lucas Mcnulty holds the role of Enri Director at Teacher Retirement System. Their status is urf - unclassified regular full-time. In 2026, their total compensation was $275,000.

Jonathan O'Reilly

Director, Operations Audit/Teacher Retirement System

2026 total comp

$271,168

Base pay: $271,168
Overtime: $0
Other pay: $0
Benefits: $0
Total compensation: $271,168
Employment type: Urf - Unclassified Regular Full-Time
Full-time equivalent (FTE): 1
Middle name: Y

Source-specific fields

Class Code: LIM3
Hire Date: Mar 15, 2023
Monthly Pay: $22,597
State Employee Number: 762403

Jonathan O'Reilly is a Director, Operations Audit at Teacher Retirement System. They work urf - unclassified regular full-time. 2026 total compensation came to $271,168.

Sandro Fusco

Inv Manager Pub Market Analytics/Teacher Retirement System

2026 total comp

$270,000

Base pay: $270,000
Overtime: $0
Other pay: $0
Benefits: $0
Total compensation: $270,000
Employment type: Urf - Unclassified Regular Full-Time
Full-time equivalent (FTE): 1

Source-specific fields

Class Code: VUM2
Hire Date: Jan 1, 2026
Monthly Pay: $22,500
State Employee Number: 1826375

Sandro Fusco holds the role of Inv Manager Pub Market Analytics at Teacher Retirement System. Their status is urf - unclassified regular full-time. In 2026, their total compensation was $270,000.

Nicholas Gonzalez

Attorneys P3/Teacher Retirement System

2026 total comp

$268,609

Base pay: $268,609
Overtime: $0
Other pay: $0
Benefits: $0
Total compensation: $268,609
Employment type: Urf - Unclassified Regular Full-Time
Full-time equivalent (FTE): 1

Source-specific fields

Class Code: LAP3
Hire Date: Feb 1, 2019
Monthly Pay: $22,384
State Employee Number: 51588

At Teacher Retirement System, Nicholas Gonzalez serves as a Attorneys P3. They work urf - unclassified regular full-time. Their 2026 pay totaled $268,609.

Michelle Gray

Deputy Chief, Oe/Teacher Retirement System

2026 total comp

$267,908

Base pay: $267,908
Overtime: $0
Other pay: $0
Benefits: $0
Total compensation: $267,908
Employment type: Urf - Unclassified Regular Full-Time
Full-time equivalent (FTE): 1
Middle name: M

Source-specific fields

Class Code: RGM4
Hire Date: Oct 16, 2017
Monthly Pay: $22,326
State Employee Number: 740656

Michelle Gray is a Deputy Chief, Oe at Teacher Retirement System. They work urf - unclassified regular full-time. 2026 total compensation came to $267,908.

Christine Cowan

Attorneys P3/Teacher Retirement System

2026 total comp

$267,412

Base pay: $267,412
Overtime: $0
Other pay: $0
Benefits: $0
Total compensation: $267,412
Employment type: Urf - Unclassified Regular Full-Time
Full-time equivalent (FTE): 1
Middle name: E

Source-specific fields

Class Code: LAP3
Hire Date: Aug 1, 2019
Monthly Pay: $22,284
State Employee Number: 104250

Christine Cowan is a Attorneys P3 at Teacher Retirement System. They work urf - unclassified regular full-time. 2026 total compensation came to $267,412.

John Demichele

Ext Pub Investment Director/Teacher Retirement System

2026 total comp

$266,469

Base pay: $266,469
Overtime: $0
Other pay: $0
Benefits: $0
Total compensation: $266,469
Employment type: Urf - Unclassified Regular Full-Time
Full-time equivalent (FTE): 1
Middle name: J

Source-specific fields

Class Code: VUP3
Hire Date: Jan 14, 2022
Monthly Pay: $22,206
State Employee Number: 11766

John Demichele holds the role of Ext Pub Investment Director at Teacher Retirement System. Their status is urf - unclassified regular full-time. In 2026, their total compensation was $266,469.

Merritt Schroeder

Senior Director, Bus Relationship/Teacher Retirement System

2026 total comp

$265,069

Base pay: $265,069
Overtime: $0
Other pay: $0
Benefits: $0
Total compensation: $265,069
Employment type: Urf - Unclassified Regular Full-Time
Full-time equivalent (FTE): 1
Middle name: L

Source-specific fields

Class Code: IPM4
Hire Date: Jan 1, 2018
Monthly Pay: $22,089
State Employee Number: 114678

Merritt Schroeder works as a Senior Director, Bus Relationship for Teacher Retirement System. Their status is urf - unclassified regular full-time. Merritt earned $265,069 in 2026.

Man Chan

Senior Director, Inv Accounting/Teacher Retirement System

2026 total comp

$265,053

Base pay: $265,053
Overtime: $0
Other pay: $0
Benefits: $0
Total compensation: $265,053
Employment type: Urf - Unclassified Regular Full-Time
Full-time equivalent (FTE): 1
Middle name: S

Source-specific fields

Class Code: FIM4
Hire Date: Oct 14, 2021
Monthly Pay: $22,088
State Employee Number: 29900

Man Chan is a Senior Director, Inv Accounting at Teacher Retirement System. They work urf - unclassified regular full-time. 2026 total compensation came to $265,053.

Paul Nguyen

Inv Manager Pub Market Analytics/Teacher Retirement System

2026 total comp

$263,804

Base pay: $263,804
Overtime: $0
Other pay: $0
Benefits: $0
Total compensation: $263,804
Employment type: Urf - Unclassified Regular Full-Time
Full-time equivalent (FTE): 1
Middle name: T

Source-specific fields

Class Code: VUM2
Hire Date: Sep 1, 2023
Monthly Pay: $21,984
State Employee Number: 1658677

At Teacher Retirement System, Paul Nguyen serves as a Inv Manager Pub Market Analytics. They work urf - unclassified regular full-time. Their 2026 pay totaled $263,804.

Sibei Wen

Ext Pub Investment Director/Teacher Retirement System

2026 total comp

$261,030

Base pay: $261,030
Overtime: $0
Other pay: $0
Benefits: $0
Total compensation: $261,030
Employment type: Urf - Unclassified Regular Full-Time
Full-time equivalent (FTE): 1

Source-specific fields

Class Code: VUP3
Hire Date: Jan 1, 2021
Monthly Pay: $21,753
State Employee Number: 670803

At Teacher Retirement System, Sibei Wen serves as a Ext Pub Investment Director. They work urf - unclassified regular full-time. Their 2026 pay totaled $261,030.