Trs form 587 2025

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The document outlines the process for certifying unused state sick and/or personal leave for members of the Teacher Retirement System of Texas (TRS). It explains that eligible members can convert unused leave into one year of equivalent membership service credit, provided they meet certain conditions, including having at least 10 years of active TRS membership. The certification must be completed by a TRS-reporting official and submitted within specific timeframes related to retirement.

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What is the 80 rule for teacher retirement in Texas?

Normal-Age Retirement Eligibility To be eligible for normal-age service retirement, you must meet one of the following conditions: you are age 65 with at least five years of service credit, or you meet the Rule of 80 (your age and years of service credit total at least 80) and you have at least five years of

What is the TRS death benefit for retirees?

TRS provides two types of death benefits: a refund of any remaining accumulated contributions and monthly or lump-sum survivor benefits. These benefits may be paid to separate beneficiaries or both benefits may be paid to the same beneficiaries.

How do I withdraw money from TRS Texas?

Complete and submit an Application for Refund form (TRS 6) to TRS. Your member account will be refunded after TRS receives all completed forms and your employers monthly report. Your TRS membership will then be terminated and a refund issued to you.

How long does it take to get the first retirement check from TRS Texas?

Benefit TypeEstimated Processing Time Frames Retirement Benefits Within 31 days after all required forms, documents, and payments (if applicable) have been received. Refunds Within 31 days after all required forms, documents, contributions are received, and final deposit is posted to the members account.6 more rows

Can I borrow from my TRS account?

No, you are not allowed to borrow money out of your Teachers Retirement Account.

Can I withdraw money from my Texas TRS account?

As a TRS member, if you permanently terminate employment with your TRS-covered employer(s) and have neither applied for nor received a promise of employment with a TRS-covered employer, you may terminate membership in TRS and withdraw all of the accumulated contributions (plus interest) in your member account.

Does TRS allow hardship withdrawal?

If you still have a sudden and heavy financial need after maximizing your available resources, you may file a TDA Hardship Withdrawal Application with TRS.

Trs form 587 2025

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