TEACHERS RETIREMENT SYSTEM
Address: 1000 Red River Street, Austin, TX 78701Website: http://www.trs.state.tx.us
The Teachers Retirement System website provides an abundance of information for active, terminated, and retired school district employees. TRS is the best place to start when trying to find information retirement eligibility, beneficiary designations for your retirement account, purchasing service credit, amongst many other things.Quick LinksTRS Financial Awareness Video Series
FAQs:Q: What is the "TRS INS" deduction on my paycheck?A: This is what every regular full-time and part-time employee must pay each payroll that contributes towards funding the retiree medical program.Q: What is the percentage that's deducted for "TRS INS"?A: 0.65% of gross wagesQ: What is the "TRS Salary Red" deduction on my paycheck?A: This is money taken from every regular full-time and part-time employee that goes into your actual retirement account with TRS.Q: What is the percentage that's deducted for "TRS Salary Red" and can I change the percentage deducted?A: The percentage taken from each paycheck effective 9/1/2016, 7.7% is deducted. You cannot change the percentage withdrawn as this is state mandated.Q: What is the Medicare Tax?A: All part-time employees, including substitute teachers, as well as all full-time employees hired after April 1, 1986, must pay the Medicare tax of 1.45 percent on total gross earnings less any pre-tax cafeteria benefits.
- What Does TRS Do for Me?
- Will My TRS Pension Be Enough?
- Estimating Your TRS Benefit
- Setting Financial Goals
- Getting Retirement Ready
- Working Longer
- Social Security