Employees Retirement System of Texas

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Employees Retirement System of Texas (ERS) is an agency of the Texas state government.{{Cite book|last1=Force|first1=United States Congress House Committee on Education and Labor Subcommittee on Labor Standards Pension Task|url=https://books.google.com/books?id=0VPVbHagYo4C&q=Employees+Retirement+System+of+Texas&pg=PA437|title=Pension Task Force Report on Public Employee Retirement Systems|last2=Labor|first2=United States Congress House Committee on Education and|date=1978|publisher=U.S. Government Printing Office|language=en}}

ERS was created in 1947.{{Cite book|last=May|first=Janice C.|url=https://books.google.com/books?id=mfZoAgAAQBAJ&q=Employees+Retirement+System+of+Texas&pg=PA471|title=The Texas State Constitution|date=2011-04-15|publisher=Oxford University Press|isbn=978-0-19-987812-3|language=en}} It oversees retirement benefits of state employees.{{Cite book|last=Marwick|first=KPMG Peat|url=https://books.google.com/books?id=5mCJHAAACAAJ&q=Employees+Retirement+System+of+Texas|title=Employees Retirement System of Texas: Review of Group Insurance Division Operations|date=1987|publisher=KPMG Peat Marwick|language=en}} It is headquartered at 200 E 18th Street in Austin, Texas."[http://www.ers.state.tx.us/about/default.aspx ers - Benefiting Texans since 1947]." Employees Retirement System of Texas. Retrieved on April 14, 2009. It is currently managed by CIO Tom Tull.{{Cite web|title=Tom Tull CIO {{!}} ERS|url=https://ers.texas.gov/about-ers/ers-investments-overview/investments-division/tom-tull-cio|access-date=2021-09-04|website=ers.texas.gov}}

Funding

As of 2020, the total unfunded liabilities of ERS is $14.7 billion.{{Cite news|last=Johnson|first=Brad|date=June 18, 2021|title=State Employee Pension System Restructured by Legislature, Allows Longtime Members to Double Dip|work=The Texan|url=https://thetexan.news/state-employee-pension-system-restructured-by-legislature-allows-longtime-members-to-double-dip/|access-date=July 13, 2021}}

References

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http://dfs-marketing.com

http://myretirementsaving.com