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To: 9YearLurker
http://www.ers.state.tx.us is the website for the ERS.

It's a 401(k) and 457 investment program.

Not a guaranteed retirement payout.

That's not blatant misinformation. That's the facts.

/johnny

106 posted on 12/17/2011 12:52:48 AM PST by JRandomFreeper (gone Galt)
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To: JRandomFreeper
Not a guaranteed retirement payout.

That's not blatant misinformation. That's the facts.

Your wrong. The 401K and 457 plans are optional tax deferred plans. The ERS is a mandatory defined plan. Looks to me like they also pay into social security. The info is in the employee manual which is somewhat hidden..

112 posted on 12/17/2011 3:55:09 AM PST by EVO X
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