Harris Texas Retirement Benefits Plan

State:
Multi-State
County:
Harris
Control #:
US-CC-21-166
Format:
Word; 
Rich Text
Instant download

Description

21-166 21-166 . . . Retirement Benefits Plan under which trustees and officers with 15 or more years of service receive annual retirement benefit based on percentage of average annual compensation for 36 months of service immediately preceding retirement. The amount of annual benefit ranges from 25% of such average annual compensation for 15 years of service to 75% for 25 or more years of service Harris Texas Retirement Benefits Plan is a comprehensive and well-structured retirement program offered by the Harris County government in Texas. This retirement plan aims to provide financial security and stability for its eligible employees during their post-employment years. It encompasses various benefits and options tailored to support their retirement goals. One notable type of Harris Texas Retirement Benefits Plan is the Pension Plan. The Pension Plan, also known as the Employees' Retirement System (ERS), is designed to support Harris County employees by providing a fixed monthly income based on their years of service and salary history. Upon retirement, employees are eligible to receive regular pension payments, ensuring a reliable source of income for their golden years. Another type of retirement plan available is the Harris County Deferred Compensation Plan. This Plan allows employees to set aside a portion of their salary on a pre-tax or after-tax basis, depending on their preference. The accumulated funds can be invested in various investment options, such as mutual funds, stocks, and bonds, to grow the retirement savings over time. This plan offers a tax-advantaged way to save for retirement while allowing flexibility in investment choices. Furthermore, the Harris Texas Retirement Benefits Plan also encompasses healthcare benefits for retirees. Retired employees can continue to access medical coverage through the Harris County Retiree Medical Plan. This plan provides comprehensive health insurance coverage, offering peace of mind and ensuring retirees can maintain their healthcare needs without incurring significant costs. Additionally, the Harris Texas Retirement Benefits Plan often includes other ancillary benefits to support retirees. These may include life insurance coverage, long-term care insurance, and even access to wellness programs and resources aimed at promoting a healthy and fulfilling retired life. In conclusion, the Harris Texas Retirement Benefits Plan is a comprehensive program that offers various retirement options and benefits for eligible employees of Harris County, Texas. With its Pension Plan, Deferred Compensation Plan, healthcare coverage, and additional ancillary benefits, this plan aims to provide a secure and fulfilling retirement for employees who have dedicated their careers to serving the county.

Harris Texas Retirement Benefits Plan is a comprehensive and well-structured retirement program offered by the Harris County government in Texas. This retirement plan aims to provide financial security and stability for its eligible employees during their post-employment years. It encompasses various benefits and options tailored to support their retirement goals. One notable type of Harris Texas Retirement Benefits Plan is the Pension Plan. The Pension Plan, also known as the Employees' Retirement System (ERS), is designed to support Harris County employees by providing a fixed monthly income based on their years of service and salary history. Upon retirement, employees are eligible to receive regular pension payments, ensuring a reliable source of income for their golden years. Another type of retirement plan available is the Harris County Deferred Compensation Plan. This Plan allows employees to set aside a portion of their salary on a pre-tax or after-tax basis, depending on their preference. The accumulated funds can be invested in various investment options, such as mutual funds, stocks, and bonds, to grow the retirement savings over time. This plan offers a tax-advantaged way to save for retirement while allowing flexibility in investment choices. Furthermore, the Harris Texas Retirement Benefits Plan also encompasses healthcare benefits for retirees. Retired employees can continue to access medical coverage through the Harris County Retiree Medical Plan. This plan provides comprehensive health insurance coverage, offering peace of mind and ensuring retirees can maintain their healthcare needs without incurring significant costs. Additionally, the Harris Texas Retirement Benefits Plan often includes other ancillary benefits to support retirees. These may include life insurance coverage, long-term care insurance, and even access to wellness programs and resources aimed at promoting a healthy and fulfilling retired life. In conclusion, the Harris Texas Retirement Benefits Plan is a comprehensive program that offers various retirement options and benefits for eligible employees of Harris County, Texas. With its Pension Plan, Deferred Compensation Plan, healthcare coverage, and additional ancillary benefits, this plan aims to provide a secure and fulfilling retirement for employees who have dedicated their careers to serving the county.

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Harris Texas Retirement Benefits Plan