GABA stands for Guaranteed Annual Benefit Adjustment. Prior to January 1, if you have received monthly benefit payments for 36 months, you will automatically receive an increase to your monthly benefit payment.
The amount of this payment varies based on tier:
Tier 1 members (hired before July 1, 2013) receive an increase of 1.5% per year.
Tier 2 members (hired July 1, 2013 or after) receive an increase of 0.5% per year.
This amount can be increased by 0.5% increments up to 1.5% by the TRS Board if the most recent valuation shows the System to be 90% funded and the increase will not cause the funded ratio to be less than 85%.
The most recent valuation, 2023, found TRS was 72.49% funded.
The pay adjustment begins in January.
Retirees and Benefit Recipients are notified of this adjustment on their pay stub.
