YOUR PENSION BENEFIT
ERF is a defined benefit plan for City of Dallas PERMANENT, civilian employees. The plan provides retirement, disability and survivor benefits to Fund members and their beneficiaries.
Any employee who has contributed to the Fund for five years or is over the age of 60 is considered to be vested in the Fund.
If you are under age 60 and you leave the City before completing five years of service, you are not vested and must take a refund of your contributions or roll them over into another qualified plan.
All permanent, civilian City of Dallas employees are members of ERF. You don't need to enroll; your contributions to the Fund are automatically deducted from your payroll.
You are not eligible to participate in the Fund if you are an elected or non-salaried, appointed official, a contract employee, an employee working less than 20 hours per week or a uniformed employee of the Police or Fire Department.
Both you and the City make contributions to the Fund, but the City contributes 63% and employees contribute 37% of the total contribution rate. The City makes their contribution to the Fund on behalf of its members because the City does not participate in the Federal Social Security System.
Effective October 1, 2015, the contribution rate for employees is 13.32% and the City's contribution is 22.68%.
All eligible employees contribute the same percentage of his or her wages.
Your automatic payroll deduction will appear on your pay stub as Employees' Retirement Fund. All contributions are taken before taxes, which means you do not have to pay taxes on them until you withdraw them. The only exception to this are any contributions made prior to December 16, 1997 as they have already been taxed and are referred to as after tax contributions.
Payroll deductions continue until you leave the City or become ineligible to participate in the Fund. Because your contributions are a percentage of your wages; your payroll deductions will automatically adjust if your pay rate changes.