| General information
on retirement and sources of wealth accumulation is available
in the District's Handbooks. The Employee Handbooks are
available for viewing on the HR Intranet site by
clicking HERE from any NISD computer. Copies are also available in every NISD campus library. |
For a detailed description of the retirement process and procedures, CLICK HERE. |
 Teacher
Retirement
System of Texas
ON-LINE RESOURCES |
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Northside ISD does not participate in Social Security for regular employees, so they do not have a Social Security deduction in their paychecks. Instead, all regular employees participate in the Teacher Retirement System of Texas (TRS). TRS provides a pension plan in which employees participate.
When calculating anticipated retirement income, it is important to consider all sources. Some Northside employees may have minimal social security benefits or none at all. Some employees may have earned a social security benefit on their own work record outside of NISD. Others may be eligible to receive a spousal benefit on their spouse's work record.
An employee's own social security benefit may be offset by the Windfall Elimination Provision. A spousal benefit may be offset by the Government Pension Offset. To find out more about how Social Security may affect your TRS retirement or for information on qualifying for Social Security benefits, click on the link below:
www.socialsecurity.gov |
403b Information
A 403(b) tax sheltered annuity is an IRS defined method of allowing employees of public schools and certain other charitable, educational and religious organizations to accumulate funds for retirement on a tax deferred basis. Annuities may be purchased by any employee at any time during the calendar year. The annuity must be a plan approved by the Texas Teachers’ Retirement System and offered by an approved provider.
Northside ISD has entered into an interlocal agreement with the Region 10 EducationServiceCenter (ESC) to provide 403(b) administrative services through a contract with JEM Resource Partners. JEM does not sell 403(b) annuities; they work with individual brokers to facilitate the transfer of payroll deductions to annuitants’ accounts and assist annuitants with questions or account service needs.
For more information about 403(b) savings, visit the Region 10 website or JEM at the websites shown below.
www.region10rams.org
900 S Capitol of Texas Hwy, Suite 350
Austin, TX 78746
1-800-943-9179
www.jemtpa.com
403b Vendor List
