95 employees reported this benefit
To be able to have full medical, after retirement is a pure blessing.
This plan is very effective and provide adequate benefits to all members of staff both at lower and upper management.
Involuntary retirement taken out of check each month.
Retirement is deducted out of every check and the state matches it; however, checks are on average $300 less each month.
Employee Retirement System of Texas is great
There is a pension, but it's slated to be out of funds by 2031. So, we're required to contribute almost 10% of our salary into the fund, but the legislature won't use any of the rainy day funds even though a one time deposit would stabilize the pension for those of us who've been contributing for the past 15+ years.
Good retirement plan all around
The retirement plan is good. The problem is no one will tell you about it. You have to educated your self.
have ERS retirement accounts and a 401k
Employee can retire after 10 years