Employees Retirement System of Texas (ERS) is an agency of the

Texas state government The government of Texas operates under the Constitution of Texas and consists of a unitary democratic state government operating under a presidential system that uses the Dillon Rule, as well as governments at the county and municipal levels. Au ...

. ERS was created in 1947. It oversees

retirement Retirement is the withdrawal from one's position or occupation or from one's active working life. A person may also semi-retire by reducing work hours or workload. Many people choose to retire when they are elderly or incapable of doing their j ...

benefits of state employees. It is headquartered at 200 E 18th Street in Austin,

Texas Texas (, ; Spanish: ''Texas'', ''Tejas'') is a state in the South Central region of the United States. At 268,596 square miles (695,662 km2), and with more than 29.1 million residents in 2020, it is the second-largest U.S. state by ...

. It is currently managed by CIO Tom Tull.

Funding

As of 2020, the total unfunded liabilities of ERS is $14.7 billion.

References

http://dfs-marketing.com http://myretirementsaving.com

External links

Employees Retirement System of Texas

Retirement Plan
State agencies of Texas 1947 establishments in Texas Public pension funds in the United States {{Texas-stub