The TRS (Teacher Retirement System) retirement plan is a defined benefit plan. This designation means that the amount of the retirement benefit you are paid is determined under a formula established by law. Once you begin service retirement under the rules of the plan, you are eligible to receive a monthly benefit for life. Your monthly benefit is “defined” by the formula; it is not limited to the amount of your accumulated contributions in your TRS member account.
Teacher Retirement System of Texas
TRS FINANCIAL AWARENESS VIDEO SERIES (click on the links below for short informative videos about the Texas Retirement System)
The financial awareness video series is aimed at helping our current members learn even more about retirement self-sufficiency. In this series of short, animated whiteboard videos, a cast of characters will guide members through three important concepts:
One, what you have – your TRS defined benefit plan.
Two, what you need – to save more.
And three, how to get it – by saving smart.
Some of the videos are more relevant to early and mid-career members, while others may be of more interest to members who are near retirement. However, no matter where you are in your career, you’ll find something valuable in every video.
GENWORTH LONG TERM CARE
Customer Service: 866-659-1970
Enroll online at www.genworth.com/group