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Created in 1967 by the Texas Legislature, the Texas County & District Retirement System (TCDRS) works with county and district employers to provide retirement, disability and survivor benefits to Texans. The system receives no funding from the State of Texas. Each plan is funded independently by the county or district and its employees.
Unlike traditional pension plans, in which the employer promises a specified monthly benefit at retirement, 401(k) plans are funded by contributions deducted directly from the employee’s paycheck.
State and local government workers can contribute $18,500 to 457 plans for 2018. In 2019, the contribution limit climbs to $19,000. Some workers can make additional catch-up contributions.
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L2065 – Retirement date of 2063 and thereafter; L2060 – Retirement date between 2058 and 2062; L2055 – Retirement date between 2053 and 2057; L2050 – Retirement date between 2048 and 2052; L2045 – Retirement date between 2043 and 2047; L2040 – Retirement date between 2038 and 2042; L2035 – Retirement date between 2033 and 2037
Section 457: retirement plan for governmental and certain non governmental employers Subpart D: Inventories ( § 471 – § 475 ) Section 475 : Mark to market accounting method for dealers in securities ( § 475 )
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