Texa$aver 401(k) / 457 Program

Texa$aver 401(k) / 457 Program for Active Employees

To have a comfortable retirement income, you cannot rely on a pension plan and Social Security alone. Instead, you will need to plan, invest and make good use of tax-advantaged savings like the Texa$aver program. With the Texa$aver voluntary retirement savings program, you can increase your personal retirement savings to bridge the financial gap.

You already contributed to the ERS retirement fund, with the State and the agency you worked for also contributing on your behalf, but your ERS annuity may replace only about 50% of your salary when you retire. State of Texas Retirement does not include automatic cost-of-living adjustments (COLAs). During retirement, a Texa$aver account can help you weather inflation and things like increased medical expenses as you age.

Plan Basics

Account Basics

Manage Your Investments

Withdrawals & Distributions


If you were hired by a state agency on or after September 1, 2008, you were automatically enrolled in the Texa$aver 401(k) plan, with 1% of your salary contributed directly from your paycheck, pre-tax. If you weren’t enrolled automatically, you can open a Texa$aver account at any time. You have the potential to substantially increase your retirement income by gradually raising your contributions each year, up to a maximum level you specify. The sooner you start, the more likely you are to have a better financial outlook in retirement.

After you leave state employment, you can keep your Texa$aver account to take advantage of the program’s many benefits, including lower-than-average fees and access to professional investment advice through the Advisor Service.


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