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Do TRS benefits increase with inflation?

The teachers retirement system provides a unique benefit that preserves retirees purchasing power. When inflation reduces the value of their pension dollars by more than 15%, the system makes a permanent adjustment, pushing retirees purchasing power back up to 85%.

How will TRS affect Social Security?

You are eligible for one-half of your spouses social security if he/she is living, and 100% of the social security benefit if he/she has passed; however, if you are drawing TRS, Social Security will subtract two-thirds of your TRS from the spousal benefit.

Will Texas TRS retirees get a raise in 2023?

At its September meeting, the Board unanimously voted to approve a 2.5% cost-of-living adjustment (COLA) increase for eligible retirees and beneficiaries in 2023.

What happens to my TRS if I quit?

If you decide to leave a position paying into TRS, know your choices with your accumulated money in this pension. You are eligible to withdraw the accumulated employee contributions from your TRS account. However, you must refund the total amount in the account.

Are TRS retirees getting a 13th check?

The checks should be in an amount either equal to their regular annuity payment or $2,400, whichever is less. Members who retired before the end of 2020 or beneficiaries of a member who died before the end of 2020 are eligible.

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