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If you were hired by a state agency on or after September 1, 2008, you were automatically enrolled in the Texa$aver 401(k) plan, with 1% of your salary contributed directly from your paycheck, pre-tax. If you weren’t enrolled automatically, you can open a Texa$aver account at any time.
Texa$aver 401 (k) / 457 Program for Former Employees. When you leave state employment, you can keep your money with the Texa$aver program as long as you like, without losing your options. While employed with the state you contributed to the ERS retirement fund, with the state and the agency you worked for also contributing on your behalf, but ...
Visit the Texa$aver SM 401 (k) and 457 Program website for the following and more: checking your account balance. transferring funds. viewing the Resource Center. accessing the Investment Fund Information. finding 401 (k) Forms and 457 Forms.
The Texa$aver SM 401(k) / 457 Program has made the switch to e-delivery for both the 401(k) and 457 plans. What this means for you: Your statements and confirmation documents are defaulted to electronic delivery.
The Texas$aver 457 Plan is a voluntary retirement plan administered by Employees Retirement System of Texas (457) that allows state and higher education employees to contribute a portion of their salary toward retirement savings and pay taxes later on the contributions and earnings.
retirement account, such as an employer-sponsored 401(k) or 403(b) or individual retirement account (IRA). Tax-sheltered plans offer retirement savers some important benefits: • Retirement account earnings and sometimes the contributions made to those accounts are tax deferred.
By staying with your trusted partner in retirement, you can authorize the Texa$aver program to calculate your RMD and send you the required payment each year. You can initiate a distribution from Texa$aver after you retire by submitting a distribution form.
