Teacher Retirement System of Texas
San Antonio ISD is a member of the Teacher Retirement System of Texas (TRS). TRS provides a pension plan in which employees participate. General information for active members, retired members and employment after retirement can be found at the Teacher Retirement System of Texas web site. TRS Home Page Link is: http://www.trs.state.tx.us/
Tax Sheltered Annuities 403(b)
San Antonio ISD participates in Tax Sheltered Annuity programs for it's employees. A Tax Sheltered Annuity (TSA) is a personal retirement plan available only to employees of non-profit organizations such as school districts. Premiums for these plans are taken out before taxes. By making contributions to a TSA with "before tax" dollars, employees get the benefit of investing not only their money but also tax money that otherwise would be sent to the IRS. A list of approved TSA companies is available on the JEM Resource Partners website, www.Region10Rams.org.
San Antonio ISD uses a Third Party Administrator to administer the 403b employee contributions. Their information is as follows:
|JEM Resource Partners|
|900 S. Capital of Texas Hwy, Ste. 350|
|Austin, TX 78746|
|Phone: (800) 943-9179|
|Fax: (888) 989-9247|
For annuity assistance or general information you may also contact:
Employee Benefits, Risk Management & Safety
Social Security Benefits
San Antonio ISD does participate in Social Security. This is an added benefit to SAISD employees; when eligible they will collect Social Security benefits and Teacher Retirement benefits. To find out more about when you qualify for Social Security benefits or for general information click on the link below:
Government Pension Offset is a law that affects spouses and widows or widowers. If you receive a pension from a federal, state or local government based on work where you did not pay Social Security taxes, your Social Security spouse's or widow's or widower's benefits may be reduced. Here is a link to the fact sheet that provides answers to questions you may have about the reduction.
Windfall Elimination Provision affects how the amount of your retirement or disability benefit is calculated if you receive a pension from work where Social Security taxes were not taken out of your pay. A modified formula is used to calculate your benefit amount, resulting in a lower Social Security benefit than you otherwise would receive. Here is a link to the fact sheet that provides answers to questiions you may have about modified formula used to calculate your benefit amount.