Search results
Results from the WOW.Com Content Network
Employees Retirement System of Texas. Employees Retirement System of Texas (ERS) is an agency of the Texas state government. [1] ERS was created in 1947. [2] It oversees retirement benefits of state employees. [3] It is headquartered at 200 E 18th Street in Austin, Texas. [4] It is currently managed by CIO Tom Tull.
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.
The 80th Texas Legislature increased the state contribution rate to the Teacher Retirement System of Texas from 6.0% to 6.58% of employee payroll. This, coupled with investment returns of 14.4% in 2007, yielded an actuarial valuation that allowed the pension trust fund to pay the supplemental payment and still have a funding period under 31 years.
During the last budget cycle, nearly all state employees were given a one-time 8% salary bump. Teacher raises are a separate question . Democrats, led by Gov. Andy Beshear, have long asked for ...
Central Texas school districts all raised pay for teachers and other employees in hopes of retaining and attracting workers.
The minimum wage in Texas, which applies to covered, nonexempt minimum wage workers, is only $7.25 per hour. Yet according to a living wage calculator developed by researchers at the Massachusetts ...
Public employee pension plans in the United States. In the United States, public sector pensions are offered at the federal, state, and local levels of government. They are available to most, but not all, public sector employees. These employer contributions to these plans typically vest after some period of time, e.g. 5 years of service.
Teachers and school administrators say a pay raise isn’t the only fix. Skip to main content. Sign in. Mail. 24/7 Help. For premium support please call: 800-290-4726 more ways to reach us ...