At age 55 with 15 years qualified service, a member is eligible for a
retirement of 6 times the average monthly contribution. For example, if the average monthly
contribution is $36.00 (our minimum contribution rate), the member is eligible for a retirement of
$216.00 a month.
Members who have reached the age of 55 are 50% vested with 10 years of qualified service. For each qualifying year a member stays in the pension system after the 15 years required for full retirement, the member's retirement increases 6.2 percent compounded annually. There is no maximum amount.
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Monthly pension checks are processed on the second Tuesday of each month once processed it takes one full business day for paper checks to be generated and mailed out and direct deposits to show up in your account; please note each bank processes direct deposits differently so these times may vary.
If a member is injured while on-duty, the member receives at least $400.00 a month as long as the member is unable to perform his/her duties for the participating department and the duties of any other occupation for which the person is reasonably suited by education, training, and experience. Both criteria must be met. The amount of the monthly disability increases $50.00 for every $12.00 increase over the minimum $36/month contribution rate paid by the department.
Beneficiaries receive a lump-sum payment of $60,000.00. This is in addition to state and federal benefits for an on-duty death. This lump-sum payment goes to whomever is listed on the member’s enrollment form.
In addition to the lump-sum benefit for on-duty death, the spouse and minor children share a monthly pension equal to the service retirement that the decedent would have been entitled to receive. (The member is automatically vested with 15 years of service in a line-of-duty death, if the member has less than 15 years of service.) As long as both spouse and one or more dependents survive, an additional one-third of the monthly retirement annuity shall be paid to the minor children in equal shares.
Note: Members may also be eligible to receive benefits under Chapter 615 of the Government Code of Texas that provides death benefits for eligible survivors of certain public employees killed in the line of duty. The program is funded by the State and is administered by ERS. It is not part of any TESRS retirement program. For more information please refer to this document.
Beneficiaries are eligible for benefits when a members death did not result from the performance of emergency services duties. Beneficiaries receive a lump-sum payment of at least $2,160.00. The amount is based on years of service and amount of dues paid but cannot be less than $2,160.00. If the active member is vested and of retirement age at the time of off-duty death, the surviving spouse is entitled to receive two-thirds of the monthly pension the decedent would have received if the decedent had retired on the date of death. When a terminated vested member dies before retirement, the spouse is eligible to receive two thirds of the member’s pension effective the date of the member’s 55th birthday.