Employees Retirement System of Texas

Employees Retirement System of Texas

Employees Retirement System of Texas (ERS) is an agency of the Texas state government.[1]

ERS was created in 1947.[2] It oversees retirement benefits of state employees.[3] It is headquartered at 200 E 18th Street in Austin, Texas.[4] It is currently managed by CIO Tom Tull.[5]

Funding

As of 2020, the total unfunded liabilities of ERS is $14.7 billion.[6]

References

  1. ^ Force, United States Congress House Committee on Education and Labor Subcommittee on Labor Standards Pension Task; Labor, United States Congress House Committee on Education and (1978). Pension Task Force Report on Public Employee Retirement Systems. U.S. Government Printing Office.
  2. ^ May, Janice C. (2011-04-15). The Texas State Constitution. Oxford University Press. ISBN 978-0-19-987812-3.
  3. ^ Marwick, KPMG Peat (1987). Employees Retirement System of Texas: Review of Group Insurance Division Operations. KPMG Peat Marwick.
  4. ^ "ers - Benefiting Texans since 1947." Employees Retirement System of Texas. Retrieved on April 14, 2009.
  5. ^ "Tom Tull CIO | ERS". ers.texas.gov. Retrieved 2021-09-04.
  6. ^ Johnson, Brad (June 18, 2021). "State Employee Pension System Restructured by Legislature, Allows Longtime Members to Double Dip". The Texan. Retrieved July 13, 2021.

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 Retirement Plan



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