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As you begin to plan for retirement, be sure to make good use of tax-advantaged savings like the Texa$aver program. With the Texa$aver voluntary retirement savings program, you can increase your personal retirement savings to bridge the financial gap between your pension and Social Security.
You can download and print a Distribution/Direct Rollover Request form. Texa$aver program account withdrawals may be subject to ordinary income tax. A 10% early withdrawal penalty may apply to withdrawals made prior to age 59½.
While you are still employed, you can withdraw funds from your Texa$aver accounts for financial hardship withdrawals and withdrawals when you reach 59 1/2. You must exhaust your 401(k) loan and/or 457 loan options before you can apply for a financial hardship withdrawal.
Download and print plan forms here to make changes to your account. Securities, when offered, are offered through GWFS Equities, Inc., a wholly owned subsidiary of Great-West Life & Annuity Insurance Company.
The Texas$aver 457 Plan is a voluntary retirement plan administered by Employees Retirement System of Texas (457) that allows state and higher education employees to contribute a portion of their salary toward retirement savings and pay taxes later on the contributions and earnings.
Important information about your Texa$aver program. E-delivery is here! 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.
• For questions regarding this form, visit the website at www.texasaver.com or contact Service Provider at 1-800-634-5091. • Use black or blue ink when completing this form. A Participant Information Account extension, if applicable, identifies funds transferred to a beneficiary due to participant's death, alternate payee due to divorce or a
