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ERS is an agency of the Texas state government that oversees retirement benefits of state employees. It was created in 1947 and has a funding shortfall of $14.7 billion as of 2020.
Learn about the history, types, and funding of public sector pensions in the U.S. at the federal, state, and local levels. Compare the retirement benefits and risks of different plans and systems across the country.
This web page shows the 30 largest public pension plans in the U.S., based on the 2018 list by Pensions & Investments magazine. It also explains the difference between government and collectively bargained pension funds, and provides some references and external links.
The 401(k) has two varieties: the traditional 401(k) and the Roth 401(k). Traditional 401(k): Employee contributions are made with pretax dollars, lowering your taxable income. Your contributions ...
Learn about the history, governance, and benefits of the largest public pension fund in Texas for public education and higher education employees and retirees. Find out how TRS manages a $180 billion trust fund and serves over 1.6 million members.
Maxing out your 401(k) is one of the most rewarding retirement planning moves you can make. It involves setting aside a whopping $23,000 today ($30,500 if you're 50+). That could grow to be worth ...
TCDRS is a retirement system for county and district employers in Texas, created in 1967 by the Texas Legislature. It has no state funding, each plan is customized by the employer, and benefits are based on employee savings and employer matching.
TMRS is a statewide retirement system for employees of participating Texas municipalities. It offers a hybrid cash-balance plan, does not receive state funds, and has a funded ratio of 89.7% as of 2022.