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Planning ahead can help ensure a smooth transition into retirement. We provide a number of resources to help you stay on track! Explore our Planning for Retirement timeline, tier placement map, retirement calculators, and more.
Whether you want to plan for retirement or keep track of your personal account, MyTRS is a helpful resource for all members. MyTRS is available to eligible TRS members and annuitants who complete the registration process.
It’s the reward you’ve been working toward. Your TRS membership provides lifetime payments at retirement or after 10 years of service credit for disability. Not many retirees can say that anymore. TRS explains the benefits, payment schedule, and death claims.
You can submit questions about your benefits in writing to TRS, 1000 Red River Street, Austin, Texas 78701-2698. Please include your TRS participant ID or social security number on all written correspondence.
For persons who became members of TRS prior to September 1, 2007, had at least five years of service credit on August 31, 2014, and maintain membership until retirement, the following eligibility requirements must be met to qualify for normal age retirement: Age 65 with five or more years of service credit, or.
The Benefit Calculator may be used to estimate your potential service retirement benefits. You will need to log in to MyTRS and then select the calculator under the Planning Tools tab. It will automatically import current data from your TRS records such as your tier, years of service credit, and highest annual salaries.
TRS has two core responsibilities: To deliver retirement and related benefits that have been authorized by the Texas Legislature , and to manage the trust fund that finances member benefits . This handbook will help you learn about your retirement plan benefits.
This section of the TRS website provides information and helps you to decide when it is the right time for you to begin the retirement process and what retirement options are available for you. This timeline is meant to be a general example of the retirement process.
Retirees & Beneficiaries. These forms are intended for use by TRS retirees and beneficiaries. IRS Form W4-P - Withholding Certificate for Periodic Pension or Annuity Payments. TRS 15 - Designation of Beneficiary Form ***.
TRS provides requirements, checklists, and retirement and withholding calculators to help you plan. Planning Your Retirement. Annual Compensation Limit. Disability Retirement. Retirement Deadlines Chart. Register for Group and One-on-One Retirement Sessions. Purchasing Service Credit.