Knowledge Base

What is TRS and why do I contribute to TRS?

Category:  Payroll

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.

For additional information, please log into TRS web Site: http://www.trs.state.tx.us/
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