Q:

What is an employee retirement system?

A:

Quick Answer

Employee retirement systems are retirement plans for state employees, according to the Texas, Hawaii and Pennsylvania ERS government websites. The ERS typically offers benefits for retired and disabled state employees as well as their dependents in some programs.

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Full Answer

Many state government ERS websites offer retirement tools for government workers, such as personal retirement information and benefits calculators, according to the Texas, Hawaii and Pennsylvania ERS websites. New, active and retired employees can utilize the websites' available tools to make retirement decisions, estimate how much money they will have saved by their planned retirement date and learn about their payment options once they choose to retire.

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