TRS is a defined benefit retirement plan governed by Internal Revenue Code Section 401(a).
Benefits eligible employees that are working at least 20 hours per week for 4 1/2 continuous months or more are eligible. Students employed in positions that require student status as a condition of employment are not eligible.
All eligible employees of The University of Texas at Austin are automatically enrolled in TRS on their first day of employment.
Members vest in the TRS program after attaining five years of retirement service credit. This entitles them to retirement annuity benefits upon meeting the applicable age. In addition, the TRS plan provides service retirement, disability retirement, and member death benefits.
Mandatory employee and employer contributions are directed into a large pension trust fund managed by experienced professionals. The calculation for retirement annuity is based on a formula defined by the Texas Legislature.
|Fiscal Year||Employee Contributions||Employer Contributions|
|September 1, 2022 - August 31, 2023||8.0%||8.0%|
|September 1, 2021 - August 31, 2022||8.0%||7.75%|
|September 1, 2020 - August 31, 2021||7.7%||7.5%|
|September 1, 2019 - August 31, 2020||7.7%||7.5%|
|September 1, 2017 - August 31, 2018||7.7%||6.8%|
|September 1, 2016 - August 31, 2017||7.7%||6.8%|
|September 1, 2015 - August 31, 2016||7.2%||6.8%|
Please see the TRS website for additional resources and information.