Teacher Retirement System of Texas
The Teacher Retirement System (TRS) is a state system in which the investment risks are absorbed by the state of Texas. Member contributions, deposited each month into a personal account, are part of a large trust fund managed by investment professionals. Investment decisions are made by the fund managers.
Participation in the Teacher Retirement System is open to all benefit-eligible employees of the district and provides retirement benefits based on length of service and salary level after a minimum of ten years service or at age 55 with a minimum of 5 years of service. Rights to benefits are vested upon completion of five years of creditable service.
Normal retirement age is 65 with five or more years of membership service credit or any combination of age and service totaling 80 years, with at least five years of membership service credit. The standard annuity benefit formula is 2.3 percent of the average of the best three annual salaries multiplied by the number of years of service. Higher salaries and more years of service will mean a greater retirement benefit.
Members who become permanently disabled may apply for a disability retirement. For those members with less than 10 years service, the minimum monthly payment is $150.
A participating TRS member is provided with Death and Survivor benefit (prior to retirement) in the amount of two times their annual salary to a maximum amount of $80,000.
Currently a TRS member contributes 6.4 percent of their monthly salary to his/her TRS account. The state of Texas contributes 6.0 percent of the monthly salary.
Specific questions relating to retirement should be directed to the Benefits Coordinator in the District Human Resources Department who can provide you a full copy of the TRS Laws and Rules.
Additional TRS Information