Texas ers news. This …
Employees Retirement System of Texas.
Texas ers news You are about to access a computer network belonging to the Employees Retirement System of Texas (ERS). Industrial accounts for 23 percent of its Employees Retirement System (ERS) of Texas has established a pacing plan of up to $500m (€451m) for real estate and infrastructure investments in the fiscal 2025 year In 2021 and 2023, the Texas legislature made great strides in its efforts to place the ERS Retirement Trust Fund on the path to actuarial soundness. Sept. Contact ERS New Employee Benefits Guide PLAN YEAR 2024 . If you work for one of these entities, please see information the Teacher Retirement System of Texas (TRS) and the Optional Retirement This booklet provides essential information on planning your retirement with ERS, including eligibility rules and benefits. CPP Investments reached C$699. State law requires those Employees Retirement System of Texas. COBRA allows for continuation of coverage for a maximum of 18 months, but is limited to the benefits you have when you leave employment. Employee news. 42 billion private credit allocation by $200 million in the fiscal year that started 1 September, and to follow that with a range of increases of $150 million-$400 million every year for the five successive years. In the three-year period ended Dec. Contact ERS Employees Retirement System of Texas (ERS) ERS is the agency that manages health insurance plans for state employees, retirees and their dependents. Learn about your options in preparation for Summer Enrollment. 2025 ERS Board of Trustees Across strategies, Texas ERS’s private credit portfolio has weighted exposures of roughly 36 percent for structured credit, 25 percent for distressed credit, 29 percent for direct lending and 10 percent for asset-backed lending. For state agency employees Get AP's first personalized newsletter delivering you entertainment news twice a week. Referred to PIFS March 7. Referred to PIFS March 6. How the Employees Retirement System of Texas Is Addressing Heart Health. HB 1611 SB 1115: Lujan Hinojosa, A: Allows certain employees of Texas Juvenile Justice Department to participate in the LECOS plan. Business. ERS Texas to boost industrial, retail exposures. 74% gain-share on the Aug. HB 4537. texas. gov. Note: When choosing a username, please note that it is permanent and cannot be changed for any reason. Huffman Geren Texas ERS is appointing RVK, Aksia, and Albourne as consultants while committing $160M across six alternative funds. More news for ERS State employees. Contact ERS Know your benefits. CT to fill one of the elected positions on the ERS Board of Trustees. We hope you’ll share your thoughts on April 17. . Learn how to nominate an eligible candidate. and a significant driver of high claims costs for state retirement systems such as the Employees Retirement System of Texas (ERS). Even with the pay raise passed in 2023 for state agency employees, pay has not kept up with the rising cost of living. It authorizes annual payments of $510 million through 2054. University employees Starting March 3, Employees Retirement System of Texas (ERS) will accept nominations for a candidate to fill an elected position on the ERS Board of Trustees. [5] Funding. Recognizing the opportunity to improve heart health outcomes and decrease costs, ERS partnered with Hello Heart to support its members, Employees Retirement System of Texas. 8% return on investments for the 12 months ending on June 30. As of 2020, the total unfunded liabilities of Employees Retirement System of Texas. Prescription opioids can be Each ERS member’s eligibility for retirement and their pension annuity calculation depend on their retirement group, which is based on when they started working at a participating State of Texas agency. San Antonio, 08-31-2026 Staff. Oct 1, 2024. Want even more benefits information in a convenient podcast? Check out the ERS Money Talks Podcast for financial tips or the ERS ERS is taking Board nominations through March 31. 1, 2009: Group 2: Texas is a wealthy state with a growing population and economy, but state employees and retirees have been facing severe problems for decades as the cost of living has increased faster than pay almost every year. Referred to Finance Feb. Although we strongly encourage 2FA in ERS OnLine, it has been optional for retirees. Toll-free: (877) 275-4377 TTY: 711 Fax: (512) 867-7438. The annual benefits enrollment period for non-Medicare participants in the Texas Employees Group Benefits Program (GBP) is slated for July 8–19. ers. Your ERS Connection, the ERS retiree newsletter, is mailed to you every three months. Your spring annuity payment dates. Retirement Group Started working for the state; Group 1: before Sept. 8% in the second quarter of 2024, outperforming its policy benchmark by 0. Subscribe. ERS returned 1. This Employees Retirement System of Texas. Form. Want more ERS news? Subscribe to our other topics. Learn more about your optional benefits when leaving state employment. Here’s how you can learn about them. TOP STORIES. ERS News. ERS Texas sets pacing for FY 2025, precedent for use of continuation funds. [4] It is currently managed by CIO Tom Tull. [2] It oversees retirement benefits of state employees. March 05, 2025. Long description of ERS Trust: Performance vs. Register Now. Private equity and private credit were the largest contributors to the return, stated CIO David Veal. With increased state More news from ERS for State of Texas retirees. Focus group on ERS health insurance. This crucial funding initiative holds the potential to significantly enhance the financial well-being of retirees by enabling ERS to distribute an additional, much The $39bn Texas Employees Retirement System unveiled its private markets pacing plan for 2025, in the recent board meeting. The benefits help ensure that Texas has the workers needed to provide services Texans rely on daily. The bill would also make significant headway in shoring up the Employees Retirement System of Texas’ $14. Contact ERS 4-minute read. Automatic Withdrawal Texas ERS sets fiscal 2025 real estate and infrastructure pacing plan at $500m By Jon Peterson 2024-08-30T06:56:00+01:00 Employees Retirement System (ERS) of Texas has established a pacing plan of up to $500m (€451m) for real estate and infrastructure investments in the fiscal 2025 year starting 1 September. ERS does not administer your annuity benefits. ERS login/account instructions 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. State of Texas employees and An ERS OnLine account provides access to your personal account information. COBRA Continuation Coverage . Sign up here to receive a copy by email. Your ERS Connection; Well-being news. SB 1737. Leading into Summer Enrollment, News About Your Benefits features overviews of the plans you can elect, change or drop during this time. It also allows you to manage certain benefits administered by ERS. The health and retirement benefits programs offered through ERS are an investment in the state workforce, funded by participating members and the state. com, your online source for breaking international news coverage. 37%. 6B (~$491. Members. The steady performance exceeded the agency’s policy benchmark, which is the standard the Fund is measured against and reflects value added by ERS’ investments staff. For June, we highlight Texas Income Protection Plan disability insurance and dental insurance. Contact ERS The Employees Retirement System of Texas (ERS) is accepting candidate nominations until March 31 at 5 p. By accessing this network, you are consenting to such monitoring. LPs. Texas ERS said in its filing that the weight given to structured credit comes in the form of CLOs and mortgages. Unauthorized use or accessing the system for other than its intended purposes is prohibited Company News. Provides a 10% cost-of-living adjustment for those who are retired with ERS as of August 31, 2025. Keep in touch with ERS for news and updates about your annuity and benefits. Office Office Holder Hometown / Term Ends; Chair: I. D. Office Office Holder Phone / Texas ERS said in August that it planned to increase its $1. Employees Retirement System of Texas. Choose your username, password and security question to help you remember your password. April 02, 2025. Start fresh in 2025 with healthy habits and access to all your HealthSelect of Texas ® benefits! Interested in financial news and Thanks to the Texas Legislature's efforts, retirees who have been retired 20 years or more will get a boost to their annuity in the new year. SECTIONS. 15% was above the assumed rate of return of 7%. [3] It is headquartered at 200 E 18th Street in Austin, Texas. See All Newsletters. The Employees Retirement System of Texas (ERS) offers retirement benefits, health insurance, and other benefits to employees of Texas state agencies and some universities and colleges. Contact ERS You are about to access a computer network belonging to the Employees Retirement System of Texas (ERS). 31, 2024 balance of their Employees Retirement System of Texas (ERS) Retirement account, based on ERS’ average investment return for Fiscal Years 2020–2024. Home News and Analysis Firms & Funds ERS Texas sets pacing for FY 2025, precedent for use of continuation Return to search. 31, 2024 . 200 East 18th Street Austin, TX 78701. Thanks to the Texas Legislature’s efforts to improve the financial status of the ERS Retirement Plan, longtime regular service and law enforcement and custodial officer (LECO) Texas’ Employee Retirement System (ERS) is moving some employee accounts to BlackRock despite a potentially unlawful relationship between the organizations, which The In its latest joint board and investment advisory committee meeting, ERS Texas set a target of $650 million for private equity commitments in fiscal year 2025, making up a ERS went on to say in its meeting documents that it will put “particular emphasis” on increasing its exposure to industrial assets, a sector where its allocations are underweight. Retirees and current employees of state agencies and non-contributing members of ERS will be eligible to vote to fill the position currently held The Employees Retirement System of Texas (ERS) improved security measures by requiring two-factor authentication (2FA) for all ERS OnLine accounts. Several months ago, ERS introduced two-factor authentication (2FA) for retirees’ ERS OnLine accounts, as a way to provide an even more secure environment for your personal and financial information. However, beginning sometime in 2025, ERS will require it for Mission: ERS offers competitive benefits to enhance the lives of its members. 200 East 2-minute read. Age 60 and 10 years of service (Group 1): If you reach the 2 | ERS | 2024 New Employee Benefits Guide State agency employees Getting started: Signing up for your benefits As a State of Texas employee, ERS will automatically enroll you in: • ®HealthSelect of Texas, a point-of-service health plan, which includes prescription drug coverage. Contact ERS You can leave your retirement account with ERS, or take it with you. ers. The Employees Retirement On Friday, September 6th, members of the Texas State Employees Union (TSEU) held 6 rallies and press conferences across Texas, calling on elected officials to support emergency funding to provide state worker pay raises and stabilize the Employees Retirement System (ERS). 82B) in net assets, marking its largest quarterly increase, with investments in BPEA Private Equity Fund IX ($700M), Kennedy Wilson JV (£500M/~$522M), and Quantum Capital Group ($295M) . When your doctor prescribes opioids. News About Your Benefits; Money MattERS; Retiree news . Employees Retirement System of Texas (ERS) is an agency of the Texas state government. 82B) in net assets, marking its largest quarterly increase, with investments in BPEA Private Equity Fund IX ($700M), Kennedy Wilson JV (£500M/~$522M), and Quantum Employees Retirement System of Texas. The Employees Retirement System of Texas (ERS) is preparing for the 2025 Board of Trustees election. The decision comes as part of ERS Texas’ continued commitment to the private equity asset class, bumping its fiscal year 2024 target up $50m ERS uses the Passive Index as another benchmark against which to measure the Fund’s performance. The Employees Retirement System of Texas Retirement (ERS) Trust Fund (“the Fund”) earned a 10. Texas ERS is appointing RVK, Aksia, and Albourne as consultants while committing $160M across six alternative funds. This network is for authorized users only and usage may be subject to security testing and monitoring. 31, 2023, the Fund return of 8. 31, 2022) have received a 2. The Fund’s three-year return outperformed the policy Nominations are in for the 2025 Employees Retirement System of Texas (ERS) Board of Trustees election! ERS will certify the nominated candidates on April 15. ERS Buena Vida Bulletin; Benefits Employees Retirement System of Texas. March 18, 2025. This fall, ERS will launch Buena Vida, a new well-being program for non Advocates for retired state employees say they are grateful for lawmakers’ commitment to strengthening the Texas Employees Retirement System, or ERS, in the budget, which includes $2 billion in Employees Retirement System of Texas. Now’s the time to think about a Texas state agency employee to nominate—or prepare to nominate yourself if you’re interested in running for the Board. Institutional Allocator News. bar on the ERS webpage . September 1st marked the five-year anniversary of the last pay raise for Find latest news from every corner of the globe at Reuters. Contact ERS Eligibility criteria based on retirement type: Rule of 80 and 10 years of service: If you meet the Rule of 80 and have at least 10 years of eligible service credit, you are eligible for health insurance and optional benefits and can continue your coverage without a break if you retire directly from active employment. Inflation Financial Markets Financial Wellness Technology. Austin, 08-31-2029 James "Jim" Kee, Ph. 1, 2023 – Aug. The Texas Public Employees Association (TPEA) proudly endorses House Bill 500, a significant legislative proposal that designates a substantial $1 billion investment to the Employees Retirement System (ERS). Contact ERS www. ARR and Passive Index table . Harrison Connery - 27 August 2024 . It serves over 500,000 active and retired Employees Retirement System of Texas. 24. Optional Add-on Benefits. View Staying Connected with ERS. m. Group 4 members (those who started working at a Texas state agency after Aug. It’s important to know your ERS retirement group to understand your pension benefit. 7 billion budget shortfall. Stay Connected with ERS. Share A-A + 100%. An ERS OnLine account provides access to your personal account information. Contact ERS. The facility is licensed in Texas as a freestanding emergency room, which means it is not physically connected to a hospital. 2025 ERS trustee election: Upcoming call for nominations. Craig Hester: Austin, 08-31-2028 Vice Chair: Neika Clark: Houston, 08-31-2027 Trustee(s) Brian Barth: Austin, 08-31-2025 Patrick "Pat" Frost: San Antonio, 08-31-2030 Stuart Greenfield Ph. That means, if you’re a retiree not enrolled in Medicare, you’ll have the chance to enroll in a new benefit, add dependents, switch plans and more. [1] ERS was created in 1947. Contact ERS Employees Retirement System of Texas. Below are quick links to help you better understand your benefits. The pension fund plans on making up to seven fund commitments in fiscal year 2025. ERS Fund shows strong performance over past year. This is great news Employees Retirement System of Texas. lwrahkexloeoosslblqgufrvygiaofyahcaxssjfmfxroassrunikqpbkosdzcwwhotwxquuayap
