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This tool lists the most common expenses to consider in retirement. Enter your current expenses in the column labeled “Current Monthly Cost.”. Find your inflation factor from page two. Determine the number of years in the future you plan to retire and your expectation of inflation.
TEACHER RETIREMENT SYSTEM of TEXAS Service Retirement Checklist Review a service retirement estimate. You can run your own estimate using MyTRS or you may contact TRS for an estimate. Date Completed: Complete the documents provided in your retirement packet, following the instructions in the packet: Application for Service Retirement form (TRS 30)
Where noted, TRS forms are available in PDF fillable format. This means you can fill the information on the form using your keyboard. The forms may be viewed and printed using Acrobat Reader . . Active Members. These forms are intended for use by TRS active members. Retirees & Beneficiaries.
The Teacher Retirement System of Texas (TRS) administers a pension trust fund that has been serving the needs of Texas public education employees for over 75 years. How much do I qualify for at retirement with TRS? See the following example of how to apply the TRS Formula.
To calculate TRS retirement benefits, use the following formula: Multiply your years of service credit by 2.3%. (Example: if you have 30 years of service credit in TRS, 30 x 2.3 = 69%.) Determine the average of your five highest years of salary.*.
6 Months Prior to Retirement: ______ TRS Retirees Only: Request a retirement packet online through myTRS at www.trs.texas.gov or complete a TRS 18 and submit directly to TRS. Once TRS receives your request, they will mail a retirement packet to your home address within 90 days.
Teacher Retirement System of Texas Benefits Handbook www. trs.texas.gov/December 2015
