General Information

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Wed Apr 16 16:51:56 CDT 2014    
Retirement Calculator - Non-Grandfathered Members

Calculating Creditable Compensation - Some highly paid members may have their compensation, which would otherwise be included in calculating the retirement benefit, limited in accordance with Section 401(a) (17) of the Internal Revenue Code. The limits are quite high and do not affect most TRS members. If you joined TRS for the first time on or after September 1, 1996, you should consult your employer's benefits office or TRS to ascertain whether current IRS limits may affect the way that your TRS eligible compensation is to be calculated. The compensation limit for the current fiscal year is $255,000, for persons who joined TRS for the first time on or after September 1, 1996.

Salaries may be adjusted in accordance with applicable precentage limits on salary increases and/or exclusion of ineligible compensation converted to salary. Creditable compensation is generally defined as salary and wages paid or payable to a member for service rendered during a school year. Not all compensation that is reported to TRS is eligible for benefit calculation. Your salaries will be reviewed at the time you apply for retirement to determine the compensation that can be used in the calculation of your benefits.

Excess Benefit Arrangement - Certain highly compensated TRS members may have their retirement annuity limited because of Section 415(b)(1)(A) of the Internal Revenue Code. A plan amendment, effective September 1, 1997, provides for TRS to pay a benefit payment that exceeds the limitation imposed by the Internal Revenue Code from a separate, non-qualified and unfunded excess benefit account. Payment from this account may be discontinued at any time, without prior notification.

ERS/TRS Transfer or Proportionate Benefits - Only TRS service credit should be entered when using this calculator. TRS members who have service credit under the Employees Retirement System (ERS) or under any other Texas public retirement system that participates in the proportionate benefit program should contact TRS for an estimate of benefits. Systems other than TRS that participate in the proportionate benefit program include:

  • Employees Retirement System of Texas
  • Judicial Retirement System of Texas
  • Texas Municipal Retirement System
  • Texas County and District Retirement System
  • City of Austin Employees' Retirement System
  • El Paso City Employees' Pension Fund
  • El Paso Firemen and Policemen's Pension Fund
  • Austin Police Retirement System

Additional details are made available to affected members during the retirement process.

Instructions : All fields are numeric and the years must have all four digits entered. (for more detailed instructions, click here).

     Proposed Retirement Date:      month (mm):        year (yyyy): 

Generally, TRS membership begins on the first day of employment with a TRS covered employer. If you began TRS membership before September 1, 2007, retained your membership through August 31, 2007, and did not teminate your membership by withdrawal after August, 31, 2007, select "Before September 1, 2007" from the drop down menu below. If you did not meet the above requirements, select "On or after September 1, 2007" from the drop down menu below.

     TRS Membership Start Date: 
     Member's Birth Date:      month (mm):  year (yyyy): 

Leave all beneficiary information blank if naming multiple beneficiaries.

     Beneficiary's Birth Date:      month (mm):        year (yyyy): 
     Beneficiary Relationship: 
     Years of Service:   

Enter Your Five Highest Yearly Salaries Earned (round to the nearest dollar and do not enter dollar signs, commas, or decimals).

     Salary #1:   
     Salary #2:   
     Salary #3:   
     Salary #4:   
     Salary #5:   

Click on one of the following lines to display more information.

Annuity Payment Options

Retirement Eligibility Requirements

Planning Your Retirement

Partial Lump Sum Option (PLSO)

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