Educate Yourself

Retirement Plans Offered

PLAN A

Maximum Benefit Plan

This plan produces the largest possible monthly lifetime payment for a TRS member. Your member contributions and interest are paid out first and are usually depleted within the first two years of your retirement. This plan does not provide a monthly benefit to a beneficiary upon your death.

When you pass away, your monthly retirement benefit stops.  However, if your death occurs prior to the depletion of your contributions and interest, the primary beneficiary designated on your application for retirement will receive a lump-sum payment of your remaining funds.

If there are no surviving beneficiaries at the time of your death, any applicable refund would be paid to your estate. If you select Plan A, you may change your beneficiary designations after retirement.

To estimate your monthly lifetime benefit for Plan A, Maximum, you can use the retirement benefit formula (2%, times years of membership service, times your average monthly salary for your highest 2 consecutive years of membership service), or you may refer to the Pension Calculator (see link at top of this page).