Annual Benefit and Earnable Compensation Maximums Plan Year 2012
Effective July 1, 2012: �for TRS members whose current date of membership is on or after July 1, 1996, the maximum earnable compensation for which TRS contributions can be reported or which will be used to calculate retirement benefits will increase to $250,000. (Current plan year 2011 is $245,000) �the limitation on the annual benefit under a defined benefit plan under Section 415(b)(1)(A) will increase to $200,000.00. (Current plan year 2011 is $195,000 The IRS limits are based on plan year, not a calendar year. The TRS plan year begins July 1st and ends June 30th. The plan year for the Board of Regents ORP begins January 1st of each year.