New Changes To ERS Retirement Plan
8:51
YouTubeTDCJ
New Changes To ERS Retirement Plan
One of the best benefits working for the State of Texas is the retirement plan! Beginning in September of this year, the Employees Retirement System of Texas (ERS) administered a new retirement plan for all new state workers including TDCJ. Through this new plan, new employees will contribute 6% of their pre-tax salary, which will have a ...
5K viewsNov 7, 2022
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📢Beginning Oct. 2025, Tier A employees & City pension contribution rates will change under the approved Funding Soundness Restoration Plan (FSRP). This plan was approved by the ERF Board of Trustees, Dallas City Council and 69% of Dallas voters in Nov. 2024. The Pension Review Board of the State of Texas formally acknowledged our compliance with the FSRP in February 2025. 🔹 Tier A Contribution: 14.00% - 0.68% increase for employees hired before January 1,2017 🔹 Tier B Contribution: 13.32% - n
📢Beginning Oct. 2025, Tier A employees & City pension contribution rates will change under the approved Funding Soundness Restoration Plan (FSRP). This plan was approved by the ERF Board of Trustees, Dallas City Council and 69% of Dallas voters in Nov. 2024. The Pension Review Board of the State of Texas formally acknowledged our compliance with the FSRP in February 2025. 🔹 Tier A Contribution: 14.00% - 0.68% increase for employees hired before January 1,2017 🔹 Tier B Contribution: 13.32% - n
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