TRS Member Contribution Rate Change Effective September 1st

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TRS Member Contribution Rate Change Effective September 1st

TRS Member Contribution Rate Change Effective September 1st

Effective September 1, 20124, active Teacher Retirement System (TRS) members will experience an increase in deduction from their paycheck from the current 6.4% to 6.7% of eligible compensation. State contribution remains at 6.8% in current fiscal year.

The required increase was approved in the 83rd Texas Legislature, Regular Session, Senate Bill 1458-TRS Benefits and Contributions.

For more information, please contact TRS at 1-800-223-8778 and visit the following TRS link:

 http://www.trs.state.tx.us/about/documents/new_laws_affecting_members.pdf

 

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