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What happens to my Texas TRS if I quit?

TRS will send you the application by regular mail. The application can be returned any time after you have formally resigned from your TRS-covered position. We will process your refund and forward it to the Office of the Comptroller for payment when four months have passed since your final day of teaching.

How does the lump sum work with TRS?

A lump sum amount equal to 24 months may be taken in either one or two annual payments. A lump sum amount equal to 36 months may be taken in one, two or three annual payments. The PLSO distribution is eligible to be rolled over to another eligible retirement plan.

How does TRS retirement work?

Retiring in Texas The TRS retirement plan is a defined benefit plan. Once you qualify for normal retirement, you are eligible to receive a monthly pension for life. As a TRS member, you contribute 6.4% of your compensation toward future retirement benefits.

Can I withdraw my TRS money?

You are eligible to withdraw the accumulated employee contributions from your TRS account. However, you must refund the total amount in the account. The drawback here is the employer contributions are not refundable.

What are the benefits of TRS?

TRS supports employee development in a variety of ways such as on-the-job training, online self-study plans, guest speakers, and external workshops and conferences. We also have an education assistance program to help with tuition.

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