I work in a municipality in Texas, and despite our state government being crazy the benefits at most cities are fantastic.
We have the Texas Municipal Retirement System in most places. At the last several cities I’ve worked at there’s a mandatory 7% employee contribution, but then the city double-matches the contribution, so I’m paying 7% in while putting 21% away.
The catch is you have to work in TMRS city for a minimum of 5 years before you vest. If you don’t put in your 5 years you only get the 7%.
And the really big cities don’t participate. So I ain’t gonna go work for Austin or Houston.
I work in a municipality in Texas, and despite our state government being crazy the benefits at most cities are fantastic.
We have the Texas Municipal Retirement System in most places. At the last several cities I’ve worked at there’s a mandatory 7% employee contribution, but then the city double-matches the contribution, so I’m paying 7% in while putting 21% away.
The catch is you have to work in TMRS city for a minimum of 5 years before you vest. If you don’t put in your 5 years you only get the 7%.
And the really big cities don’t participate. So I ain’t gonna go work for Austin or Houston.