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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.
State of Texas Retirement for Active Employees. The State of Texas Retirement program is a defined benefit retirement plan (also known as a pension) for eligible employees of State of Texas agencies, with mandatory participation.
The Texa$aver 401 (k) and 457 Program offers you a broad array of investment options from very conservative to very aggressive, Target Date Funds, as well as a Self-Directed Brokerage Account. Target Date Funds. The Target Date Funds offer a simple solution to investing for retirement.
Important information about your Texa$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.
TMRS is a voluntary, cash-balance retirement plan for Texas cities. TMRS’ largest cities are San Antonio, Arlington, Corpus Christi, Plano and Laredo. TMRS does not receive any state funds and does not administer a health care plan.
Employee Benefits Include: Paid holidays (approximately 15 per year) Vacation leave. 96 hours of paid sick leave per year (accrues monthly) Paid parental leave for FMLA-eligible employees. Retirement plans. Optional 401k and 457 plans. State-paid health and life insurance plans for you.
Call the Texas Municipal Retirement System or TMRS at 1.800.924.8677 to request your personalized retirement estimate. Remember, to be eligible to retire your TMRS account, you need to have five (5) years of service at age 60 or 20 years of service at any age.
