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Predictable Security
These two words represent both our goal and our pledge. At TCDRS, we believe you can plant a dream;
as a partner in your future, we're committed to helping your visions become realities.
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Investments
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Tax withholding changes for some TCDRS retirees
Monthly payments to some TCDRS retirees changed after the IRS revised the federal income tax withholding tables due to the federal stimulus package.
If your payment was affected, you should have received a letter from us explaining the change.
This only affects you if you have taxes withheld from your benefit payment. It does not affect the amount of your benefit or your tax rate, only the part
withheld for taxes. As a retiree, this change means you may receive a smaller refund or owe the IRS money when you file your 2009 income taxes. You
may wish to consult a tax advisor or the IRS to determine exactly how this withholding table change will affect you.
Click here for more information on how the stimulus package affects retirees. If you have any questions, please don't hesitate to call TCDRS Member Services at 800-823-7782.
Your money is secure with TCDRS
Considering recent economic news and financial market turmoil, we understand why you may be concerned about the security of your retirement account.
Let us assure you, this system is designed to keep your benefits secure, even in trying times. Here are a few things to keep in mind:
- Your account is credited with interest regardless of market ups and downs.
Members receive 7% interest on their accounts every year, according to state law. Only the Texas Legislature can change that interest rate.
TCDRS' investment return in any single year does not affect your account balance or benefit payment.
- TCDRS has a diversified investment portfolio.
Our diversified portfolio and long-term investment view enable us to weather volatile short-term market conditions. For more information on
TCDRS investments, click here.
- Your account retains its value, no matter what happens in the investment markets.
For members, that means your account will continue to grow and earn 7% compound interest. For retirees, that means you will continue to
receive your benefit payment every month.
If you have any questions or concerns, please don't hesitate to call Member Services at 800-823-7782.
We'll be happy to talk to you about your retirement account.
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Latest
News: |
View the 2008 CAFR online now
You can now view the 2008 Comprehensive Annual Financial Report online for financial, investment and actuarial information about TCDRS.
TCDRS retiree newsletter available online
The full version of the Spring 2009 issue of Connections is available online. Click here for the full In Memoriam listing.
Annual statements have mailed
TCDRS annual statements for 2008 have been mailed. Statements are also available online by clicking here. If you have trouble viewing your statement online or you do not receive your annual statement in the mail by March 13, please call Member Services at 800-823-7782.
Training for Administrators
The 2009 Administrators' Training schedule has been set. The free, half-day training sessions are designed for anyone who helps employees with their retirement benefits or paperwork. Click the link above for training session dates and sign up information. |
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TCDRS Holiday Closings
The TCDRS office will be closed on the following dates:
Independence Day: Friday, July 3, 2009
Labor Day: Monday, Sept. 7, 2009 |
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