City of Fort Worth Pension Plan
The city has its own retirement pension system (defined benefit plan) for its eligible employees. This benefit will assist employees in helping provide for a financially secure future. Benefits paid out of the fund come from employee contributions, city of Fort Worth’s contributions and any interest earned on investments. All eligible employees are vested after five years of service. For normal retirement, General and Fire employees may retire when any combination of years of service and age equals 80. Police employees may retire after 25 years of service.
|Pension Contributions||Employee Contribution||Employer Contribution|
Deferred Compensation - 457 Plan
The city offers you a 457 Plan for setting aside additional pre-tax money towards your retirement.
The 457 Plan concept is simple: you contribute a part of your salary now into the plan where it grows until you withdraw it during retirement. Contributions and earnings are made before tax and are not taxed until the money is withdrawn.
The city's Plan provider is TIAA-CREF. Annual maximums are provided by the IRS each year, and a catch-up provision for participants over age 50 is provided. The 2014 maximum contribution is $17,500, over 50 catch-up provision is $5,500. TIAA-CREF provides the opportunity to enroll and change your deferrals online. Download a guide for help.
Both programs offer a range between high and lower risk investment opportunities and both offer professionally managed plans in the event you would like more support with your investing. Both also offer target retirement date funds which are actively managed with a goal retirement date in mind.
- Medical Benefits
- Dental Benefits
- Voluntary Benefits
- Retirement Plans
- Long-Term Disability Insurance
- Life Insurance
- Leave and Longevity Pay
- Flexible Spending Accounts (FSA)
- Wellness Program
- Employee Assistance Program
- Forms and SPD Library
Member Services: 888-398-4467
Onsite Representative: 817-392-7780
Vision Discount Program: 800-793-8616
Life Insurance: 1-800-523-5065
Member services: 800-244-6224
Healthy rewards (vision discount)
City of Fort Worth CareToday Near Site Clinic
Appointment Line: 817-566-7466
909 Ninth Ave., Suite 300
Fort Worth, TX 76104
Fort Worth Employees Retirement Fund
Employee Assistance Program
Aetna Resources for Living
Healthy Challenge Wellness Program