TSAs receive no state contribution. While the calculation is complicated, the additional amount that can be deferred usually ranges from 4 to 8 percent. There is one exception to this rule. The time for consideration is before making a decision to invest in a product. These accounts are very similar to a bank's Certificate of Deposit.
Most companies pay the current interest rate, which is normally higher than the contractual minimum.
The actual formula for the current interest rate varies from firm to firm. Again, this is a guarantee similar to the FDIC provision on standard checking and savings account programs. Texas ORP also offers a variety of Mutual Funds . The objective is to maintain a constant share value while producing a return slightly above bank money market funds. Bond Funds - can come in many varieties, including government, corporate or high yield bond funds.