understand-your-benefits

Understand your TRS Benefits

Your monthly contribution to your TRS Defined Benefit (DB) account can be confusing. We're here to help you understand how a DB pension works and what to expect with your TRS account.

A quick video to get you started

My TRS Member Portal

My TRS is a secure portal into your account. You can access it by clicking the 'log in' button at the top of the screen.

With My TRS, you can select beneficiaries, update your address, view your contributions, and stay up to date on your future retirement benefit (once you are vested).

Tier 1

If you became a TRS member before July 1, 2013 and have not withdrawn your funds from TRS, you are a Tier 1 member.

Retirement Eligibility

Service Retirement options:

  • Age 60 with a minimum of five years of creditable service
  • Any age with 25 years of creditable service or service reported within 25 fiscal years

Early Retirement (with reduced benefit):

  • Age 50 with 5 years of creditable service

Gross Annual Benefit Amount Calculation

Years of Creditable Service x Average Final Compensation (AFC) x 1.6667%

AFC for Tier 1 is based on the three highest consecutive fiscal years of earned compensation. The annual benefit is distributed in 12 equal monthly payments.

Tier 2

You are a Tier 2 member if:

  • You became a TRS member on or after July 1, 2013
  • You withdrew a full refund of all contributions you made to TRS as a Tier 1 member and were rehired into a TRS-reportable position on or after July 1, 2013

Retirement Eligibility

Service Retirement options:

  • Age 60 with a minimum of five years of creditable service
  • Age 55 with 30 year of creditable service

Professional Option (Tier 2 only)

  • Age 60 with 30 years of creditable service

Early Retirement (reduced benefit)

  • Age 55 with five years of creditable service

Gross Annual Benefit Calculation

Years of Creditable Service x Average Final Compensation (AFC) x 1.85%

AFC for Tier 2 is based on the five highest consecutive fiscal years. The annual benefit is distributed in 12 equal monthly payments.