Ï㽶ֱ²¥

Overview

• Defined benefit plan and a qualified governmental retirement plan under U.S. Internal Revenue Code, Section 401(a).
• Employees contribute 8.25% of their eligible earnings on a pre-tax basis each pay period.
• Ï㽶ֱ²¥ contributes an additional 8.25%.
• TRS manages the investments.
• Retirement benefits are based on a formula involving age, years of service, salary, date of retirement, and the applicable membership tier.
• Disability benefits are provided.
• Employees vest after five years of participation with TRS with a right to a lifetime annuity.
• Employees with at least 10 years of service may qualify for retiree insurance.
• Vested members are entitled to maintain their account with TRS until they retire, regardless of whether they are employed in Texas public education. If the contributions are not withdrawn, vested members may retire with a benefit upon reaching retirement age.
• If you leave employment at Ï㽶ֱ²¥, you may choose to withdraw funds from your TRS account or rollover your contributions to another retirement plan. However, if you withdraw/roll-over your contributions, you waive your right to receive retirement benefits, and any employer contributions and earned interest will be forfeited. 

Eligibility and Enrollment

• All eligible team members are automatically enrolled in TRS on their first day of employment.
• Benefits-eligible employees may not waive participation; however, certain job titles/positions may be eligible to enroll in ORP in lieu of TRS.

Contributions

• The monthly contributions made by either the employee or institution cannot be changed or waived.
• The employee and Ï㽶ֱ²¥ automatically make the mandatory monthly contributions as part of the payroll process.
• Limits for TRS are based on plan year payments issued from Sept. 1 – Aug. 31. For plan year 2026, members contribute 8.25% (matching contribution of 8.25%) of their eligible compensation up to an annual compensation limit of $350,000.
  • These percentages are established by the state legislature and are subject to change.
• Contributions and interest earnings are not subject to federal income tax until the funds are withdrawn or paid as a retirement annuity. An after-tax (Roth) option is not available.

Additional Information

• - Explore TRS Member Resources. Please note, TRS-ActiveCare health benefits do not apply to Ï㽶ֱ²¥ team members.