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Texas County & District Retirement System. 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 ...
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.
In 2019, two employees of Texas Scorecard were granted media credentials to the Texas Senate but denied media credentials to the Texas House. Empower Texans filed a First Amendment lawsuit on the employees' behalf. Texas Scorecard was spun off into its own nonprofit entity in 2020. Former Empower Texans CEO Michael Quinn Sullivan became the ...
Most retirees — 7 in 10 — report retiring earlier than age 65, with a median retirement age of 62. And they started collecting Social Security at around age 64. Most workers want to step out ...
Empower acquired the heritage SunTrust 401(k) recordkeeping business, which includes approximately 300 retirement plans consisting of more than 73,000 plan participants and $5 billion in plan assets. On September 29, 2020, Empower announced that it would acquire the retirement plan recordkeeping business of Fifth Third Bank.
The Texas Municipal Retirement System ( TMRS) is a statewide retirement system that provides retirement, disability, and death benefits for employees of participating Texas municipalities. TMRS was established in 1947 by Texas state law and is administered in accordance with the Texas Municipal Retirement System Act (Texas Government Code ...
Governor. Greg Abbott. Bill. Senate Bill 4. Status: On hold. Texas Senate Bill 4 ( Texas S.B. 4) is a Texas state statute enacted by the Texas Legislature and signed into law by governor Greg Abbott on December 18, 2023. The bill allows state officials to arrest and deport migrants who enter the state illegally. [1] Senate Bill 4 is the subject ...
May 17, 2024 at 9:55 PM. SANTIAGO, Chile (AP) — Chileans are bundling up for their coldest autumn in more than 70 years mere days after sunning in T-shirts — a dramatic change of wardrobe ...