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.
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