What Kind Of Retirement Plan Is Trs?

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May 22, 2013

Larry Gilmore

What kind of retirement plan is TRS? A quick search reveals that TRS is short for teachers retirement system. These are state sponsored plans set up to provide retirement benefits for public school educators in their respective states. The plans themselves may be different in each state as well as different within each state as plans are altered at times for new hires. For example in my state there are currently three plans in action for the teachers retirement. The first was closed to new hires in 1977 and has about a 1000 teachers still working. The second was closed about a decade ago and is very different from the first and the third is still different from 1 or 2. I expect a fourth to be introduced in the next 5 years.

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