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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.
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.
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.
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.*.
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.
Teacher Retirement System of Texas Benefits Handbook www. trs.texas.gov/December 2015
The Teacher Retirement System of Texas (TRS) ad-ministers a pension trust fund that has been serving the needs of Texas public education employees for over 75 years. In November 1936, voters approved an amend-ment to the Texas Constitution creating a statewide teacher retirement system, and in 1937, TRS was offi-cially formed.
