Will you see a change in your annuity in Plan Year 2027?
Your fall annuity dates
ERS deposits or mails your annuity payment on the last business day of the month. If you’re a retiree from another system, such as the Teacher Retirement System (TRS), the Texas County District Retirement System (TCDRS) or the Texas Municipal Retirement System (TMRS), contact that system for annuity payment dates. Find out how to manage your annuity payments, change your direct deposit information, estimate and change tax withholding and more.
- September 30
- October 30
- November 30
Depending on your coverage, your annuity amount could change
On Sept.1, premiums changed for some ERS plans. If you are enrolled in one of the plans below and pay part of your premium and/or the premium for a dependent, your annuity amount will look different.
| Plans | Premium change on Sept. 1 |
|---|---|
| HealthSelect of Texas® and Consumer Directed HealthSelectSM |
Increased by 8% Monthly increase for retiree enrolled in HealthSelect of Texas with 100% state contribution with spouse coverage: $386.64 → $417.56 |
| State of Texas Dental Choice PlanSM PPO |
Increased by 12.5% Monthly increase for retiree and spouse: $62.06 → $69.82 |
| Dental health maintenance organization (DHMO) |
Decreased by 2% Monthly decrease for retiree and spouse: $19.18 → $18.80 |
| State of Texas VisionSM |
Increased by 7.5% Monthly increase for retiree and spouse: $10.14 → $10.90 |
| Optional Term Life Insurance | Premiums increase if your age ends in 5 or 0 on Sept. 1. |
Optional Term Life Insurance participants, don't forget!
| Age on Sept. 1 | Percentage of original coverage |
|---|---|
| 70-74 | 65% |
| 75-79 | 40% |
| 80-84 | 25% |
| 85-89 | 15% |
| 90 and over | 10% |
Your coverage begins decreasing at age 70, even as premium rates continue to increase every five years. Age-based coverage decreases and premium increases like this are standard for term life insurance. You can elect a lower level of coverage or drop coverage any time, without waiting for your enrollment period.
Your coverage will be reduced to a percentage of your elected amount, based on your age on Jan. 1 of each year, rounded to the next highest $1,000.
See the Plan Year 2027 premium rates for non-Medicare retirees (pdf).
Any premium changes for retirees who are eligible for Medicare will be effective Jan. 1, 2027. ERS will provide information about those changes in Fall Enrollment packets and the December edition of this newsletter.
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