What is TRS and why do I contribute to TRS?
Article ID: 212 | Rating: Unrated | Last Updated: Wed, Oct 26, 2016 at 3:27 PM
Question: What is TRS and why do I contribute to TRS?
Answer: Teacher Retirement System of Texas (TRS) is a pension trust fund to deliver retirement and related benefits that have been authorized by the Texas Legislature, and to manage the trust fund that finances member benefits. TRS is a Defined Benefit Plan. Employees do not have control over the way funds are invested
TRS is a required deduction for State Employees in which employees contribute 6.4% and employees matches employees contribution by 6.58%. Contributions amounts are set by the State Legislature meaning employees nor employers can elect the percentage contribution.
There are no attachments for this article.
There are no comments for this article. Be the first to post a comment.