New Hire FAQs

These are the most common questions we get from new TCDRS members.

We have compiled a list of questions we often receive from new hires who are just starting out on their TCDRS journey.

Q) How do I save for retirement/earn a benefit?

A) TCDRS savings are automatic. A percentage of your paycheck will be automatically deposited into your TCDRS account. The deposit rate is set by your employer.

The money in your TCDRS account grows at an annual compound interest rate of 7% based on your account balance as of Jan. 1. Every year, you’ll get a statement from TCDRS that lists all deposits for the year and the interest you have earned. You can view your account balance anytime by registering at TCDRS.org.

Q) Where is my account number?

A) TCDRS will send you a mailer with your account number upon enrollment in the system. You can also get your account number from your employer. You will need your account number to register online at TCDRS.org. You can also call TCDRS Member Services at 800-823-7782.

Q) What does “vesting” mean?

A) Vesting with TCDRS means you have enough service time to receive a lifetime monthly benefit when you become eligible and choose to retire. The amount needed for vesting is determined by your employer and could be either 5, 8 or 10 years.

For more information on vesting with TCDRS, visit our “Vesting & Eligibility” webpage.

Q) Do I have any survivor benefits?

A) If you have four or more years of TCDRS service, your beneficiary has the option of receiving a lifetime monthly payment from your account if you pass away before you retire.

Q) What actions do I need to take as a new member?

A) The first step we recommend is to register for online account access at TCDRS.org. Using the TCDRS website is the fastest and most secure way to manage your account, apply for benefits and much more.

It is also important to designate a beneficiary as soon as possible. Setting a beneficiary ensures TCDRS can distribute your money the way you wish if you pass away.

Q) I have other retirement accounts from previous employers. Can I roll that money into this one?

A) You cannot roll over funds from other accounts into your TCDRS account. Deposits only come from the automatic deposits taken out of your paycheck.

However, if you have ever worked for the state or a city or school in Texas, you may be eligible for TCDRS’ Proportionate Retirement Program. Through this program, you can request that service time you accrued with qualifying employers be added to your TCDRS service time to help you reach vesting and retirement eligibility sooner.

Q) Can I put more money into this account?

A) The only money that you can put into your account is the percentage of your income determined by your employer. These deposits are automatically taken out of your paychecks. Your account will also grow with 7% annual compound interest.

If you would like to contribute more to your retirement savings, you can look into opening additional investment accounts, such as a 457(b), 401(k) or IRA.

Q) Money has come out of my check for TCDRS, but I don’t see it when I sign in. When can I see those funds?

A) You won’t see deposits for the current month until the following month. For example, if you received your first paycheck in June, you won’t see that deposit reflected in your TCDRS account until the middle of July.

Benefits Services