Teacher Retirement
Retirement Homes
Retirement Planning Tips
Retirement Calculator
Retirement Investment
Retirement Services
Retirement Strategies
Retirement Advisor
Retirement Savings Calculator
Retirement Planner
Retirement Plan
Retirement Gifts
Retirement Communities
Retirement Age
Retirement Living
Retirement Pension
Individual Retirement Account
Early Retirement
Retirement Income
Retirement Savings
Retirement Guide
401 (k) account
Savings for retirement
Retirement Money
Disability Retirement
Retirement Taxes
Non traditional retirement communities
Retirement Account
Retirement Emergency Funds
Military Reserve Component Retirement
Military Retirement Pension
Retirement Risks
Retirement Parties
403 (b) plan
Some tips for market investing
Recession forces retirees to put off their retirement plans
Lessons to be learnt from pension fund loss
Retirees seek new job due to recession
Fixed income plans may be required in 401 (K) schemes
Ways to manage your retirement after your portfolio
Prevent recession from hitting your job and finances
Around $72 million to be spent by Retirement Fund on benefits
Make your retirement lifestyle recession proof
Increase your retirement savings to combat recession
Home »Teacher Retirement » Texas Teacher Retirement

Texas Teacher Retirement

Teachers are the educators of the society and they deserve a better life after retirement. There is a Teacher's Retirement System in every US state for provision of benefits. This system offers the death and survivor benefits, retirement benefits, and disability benefits.

These are based on the years of employment and the income level. In order to receive the benefits one can choose to be a part of this program. This retirement system policy differs in different states. The Texas teacher retirement program has been serving Texas public education employees for more than seventy years. The TRS or Teacher's Retirement System was formed in 1937.

The system invests in funds and delivers benefits to its members as approved by the Texas Legislature. It is a defined benefit plan where one can get retirement benefits based upon a pre-established formula. The trust fund is maintained by three sources which are contributions made by members during their employment, investment revenues and by the state.

Texas public education employees and their beneficiaries who are eligible can get death and survivor benefits, service and disability retirement. The retirement benefits are provided by contributions from state and member and employers in some cases and from investment earnings from the pension trust fund.

The program also has a health benefit program for public education employees who are eligible known as TRS-ActiveCare. This is financed by investment income and plan participant premium payments. TRS retirees and eligible dependents can avail health benefit coverage from TRS. This is known as TRS-Care which is financed by contributions from working public school employees, the state, reporting entities, investment income and plan participantís premium payments.

Texas teacher retirement program also includes a long-term care insurance program which is optional for public school employees and eligible retirees. Certain categories of family members are eligible. It is based on an enrollee-pay-all basis. It is for eligible persons aged between 18 and 80 years including Texas public school Employees who are active and contributing members of TRS. It also includes TRS Retirees, spouses, parents and parents-in-law and grandparents who are eligible.