Get the facts: check out "ERS at a Glance"

February 07, 2024
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1-minute read

As a member of the Employees Retirement System of Texas (ERS), you’re one of more than half a million Texans who get health insurance through the Texas Employees Group Benefits Program (GBP).

Another fact from the Fiscal Year 2023 "ERS at a Glance" PDF: GBP members like you saved a combined total of $214 million in federal taxes through pre-tax payments for dependent health insurance premiums and to TexFlexSM flexible spending accounts (FSAs).

More facts from Plan Year 2023:

  • ERS managed health plan costs to help make sure plan participants continue to get competitive benefits at a reasonable cost. This, along with the state’s continued commitment to fund health benefits, means that out-of-pocket costs held steady and premiums didn’t increase in most health plans.
  • Our investments staff achieved a five-year average investment return of 7.71% for the ERS Retirement Trust Fund, allowing Group 4 employees and retirees to get gain-share this year.
  • The Texa$averSM 401(k) / 457 Program has more than 271,000 accounts holding almost $4.7 billion in assets. This helps employees have greater financial security in retirement. 
  • Our Customer Benefits team took 448,000 phone calls and replied to 23,000 emails from members and their families.

Visit the Reports and Studies page for more information from the "FY23 ERS at a Glance" or other reports on ERS operations and financial management.