TRS News

Important Updates About Your 2021 Benefit!

Happy 2021 retirees and we hope that this year is off to a great start! You may have noticed a difference in your January, 2021, benefit. There are several factors that have attributed to the change…

January 5, 2021

Happy 2021 retirees and we hope that this year is off to a great start! You may have noticed a difference in your January, 2021, benefit. There are several factors that have attributed to the change which include a cost of living adjustment (COLA) increase, changes in federal tax tables which generally causes a smaller tax deduction, and some are receiving reduced health insurance premium amounts. Please direct any questions about tax tables, deductions, and liabilities to a tax professional and questions about your health insurance premiums to the State Health Benefit Plan (SHBP).

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