BENEFITS THAT WORK FOR YOU
How TCDRS Benefits Work
When you partner with TCDRS, you get a competitive retirement plan that provides employees with reliable monthly benefits for life.
WHY CHOOSE TCDRS?
Partnering with TCDRS gives you competitive retirement benefits that can help your organization recruit and retain talented workers.
With TCDRS, an employee's benefit is based on their savings account balance and employer matching. The account earns 7% interest each year, so employee savings aren't subject to the swings of the stock market.
Should employees leave your organization, they can choose to keep their money in TCDRS and continue to earn interest, roll it over into another qualified retirement account, or withdraw their account balance.
Because your retirees receive a monthly lifetime benefit from your TCDRS plan, they'll never outlive their benefit. Depending on the payment option he or she chooses, a retiree can also provide a lifetime benefit to his or her beneficiary.
HOW IT WORKS
- A percentage of your employee's paycheck is deposited into his or her TCDRS account. That percentage (from 4% to 7%) is set by you.
- Your employee's savings grow at an annual, compounded rate of 7% interest.
- At retirement, your employee receives a benefit payment based on the final account balance and employer matching. You choose the employer matching from "dollar for dollar" up to $2.50 for every dollar.
THINKING OF JOINING?
You’ll be in good company! Nearly 800 employers partner with TCDRS.