PA-SCN-01 · Plan
New Plan (draft)
tx-new-plan · TX ERS · Current version v1
Jurisdiction
- State
- TX
- Agency
- ERS
- Versions
- 1
Versions
| Version | Active | Published | Published by |
|---|---|---|---|
| v1 | Jun 15, 2026 → present | Jun 16, 2026, 12:32 AM | staff@agency.gov |
Plan rules
Version v1current
Eligibility
When a member qualifies for retirement.
- Normal retirement age
- 60 years
- Early retirement age
- 55 years
- Rule of X
- age + service ≥ 80
- Minimum service
- 5 years
Vesting
Cliff — fully vested once the threshold is met.
- Type
- Cliff
- Years required
- 5 years
Benefit formula
Monthly benefit = FAC × multiplier × service ÷ 12.
- Final-average compensation
- Highest 3 years
- Multiplier per year
- 2.3%
- Maximum benefit
- 100% of FAC
Cost-of-living adjustment
No COLA applied to benefits.
- Type
- None
Contribution rates
Percentage of pensionable wages contributed each pay period.
- Employee
- 8.5%
- Employer
- 14.5%
- Total
- 23%
Notes
Authored via staff workbench / PA-SCN-01 form.
Recent events
From the Plan aggregate (slug = aggregateId). System-scoped.
No events recorded for this plan yet.