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Employees Retirement System of Texas

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30°16′47″N 97°44′12″W / 30.27972°N 97.73667°W / 30.27972; -97.73667

Employees Retirement System of Texas
The building of Employees Retirement System of Texas
ERS building facing E Martin Luther King Jr Blvd
Map
General information
Location200 E 18th St, Austin, TX 78701
Year built1947

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

ERS was created in 1947 through amendment to the State Constitution.[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][6]

Funding

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As of 2020, the total unfunded liabilities of ERS is $14.7 billion.[7]

References

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  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. (April 15, 2011). 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 Archived March 4, 2009, at the Wayback Machine." Employees Retirement System of Texas. Retrieved on April 14, 2009.
  5. ↑ "Texas Employee Benefits". texasemployeebenefits. Retrieved April 14, 2009.
  6. ↑ "Tom Tull CIO | ERS". ers.texas.gov. Retrieved September 4, 2021.
  7. ↑ 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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