Skip to ContentSkip to Secondary Navigation
ERS - Employees Retirement System of Texas
HOME  |  ABOUT ERS  |  EMPLOYMENT  |  CUSTOMER SERVICE  |  DOING BUSINESS WITH ERS  |  A-Z INDEX
Link for User Login to view benefits
INSURANCE RETIREMENT TEXFLEX TEXA$AVER NEWS EVENTS CALENDAR ERS INVESTMENTS
 
Texa$aver
Monday, October 5, 2009
search
 
 
ERS - Employee Retirement System
Distribution Options
You are here: home > Texa$aver > Distribution Options

Whether you're retiring, leaving state employment or taking out a loan, you should familiarize yourself with the options for withdrawing your money from your Texa$aver account.

When You Retire Or Leave Employment
Many Texa$aver participants are surprised to learn that when they retire or leave State employment, they don't have to withdraw or rollover their Texa$aver account money.
read more  >
All Payouts Are Taxed
Except for rollovers, payouts are considered distributions, and are taxed. The amount of tax you will pay depends on several factors.
read more  >
Loans
While having the ability to borrow from your retirement account in an emergency can provide you with peace of mind today, remember: Texa$aver helps you prepare for your retirement. Before you tap into your retirement savings, consider your decision carefully.
read more  >