retirees
Retirees
Retiree Defined
A TRS member who applies for a retirement allowance becomes a retiree once:
- All employment with TRS employers is terminated.
- At least one monthly benefit has been paid.
A bona fide separation from service is needed.
If a member is under 60 years old, the normal retirement age, with an agreement to return to work for their pre-retirement employer, that member has not terminated employment and is not eligible to receive a retirement benefit.
Read the fact sheet on terminating employment and achieving retired status for more detailed information.
Responsibilities of Retirees
Notify TRS
Take ownership of your account and notify TRS for any life changes including change of:
- Address
- Electronic deposition information (i.e., new bank or bank account)
- Name
- Tax withholding amounts for Federal or Montana taxes
- Beneficiary, including due to divorce
TRS does not allow the Post Office to forward any mail generated by our office. It will be your responsibility to notify us with any changes.
Pay Dates
Payments are sent out the last business day of the month.
Pay Adjustments
The Guaranteed Annual Benefit Adjustment (GABA) is a way your pay is adjusted for inflation. This occurs once you have received 36 benefit payments. To learn more, check out our GABA page.