- Active Clients
- Retired Clients
- About Us
How can I find out about retiring?
Retiring members should contact TRS at least 1 YEAR before the expected retirement date. A HYPOTHETICAL Estimate showing projected monthly benefits and available retirement plans will be prepared and mailed to you.
Hypothetical estimates may also be requested if you are considering purchasing eligible service or paying any contribution deficits to enhance future benefits.
You can request a hypothetical estimate by filling out our online Pre-Retirement Information Verification form or if you log on to the Client Portal, you may create your own projection of future retirement benefits.
If I retire this year, what do I have to do?
Generally, you should start the application approximately 6 months before the effective retirement date to ensure your account is free of outstanding balances or issues that are yet to be resolved. Please refer to the Timeline chart online to determine when you should begin your retirement process. Retirement is accomplished through the following three-step process.
If you are planning to retire, you must submit the completed Pre-Retirement Information Verification (PIV) form at least 90 days before your expected date of retirement. If the PIV is received less than 90 days prior to the projected retirement date, the retirement date will be delayed by at least one month. All pending balances must also be paid at this time to ensure all available service is included in the benefit amount.
Upon receipt of the PIV, your Intent To Retire (ITR) will be sent to you and must be returned to OTRS at least 60 days prior to retirement. If the ITR is received less than 60 days prior to the projected retirement date, the retirement date will be delayed by at least one month.
Upon receipt of the ITR, a final Contract will be mailed to you. Your Final Contract and required documents for retirement must be postmarked at least 30 days prior to your date of retirement. If the final contract is received less than 30 days prior to the projected retirement date, the retirement date will be delayed by at least one month. Each member is responsible for filling out the proper application and completing all necessary paperwork in a timely manner.
Retirement always begins the first of the month. Most members retire effective June 1, at the end of the school year. The Final Contract for Retirement must be filed by May 1 to retire June 1 and receive a retirement check July 1. Members can and do retire on the first of other months during the year depending of eligibility and desire. You can request a retirement estimate online or contact TRS by phone, mail or email.
When can a TRS member retire?
A member of TRS is eligible to apply for retirement benefits:
How do I go about making an appointment to discuss my retirement benefits?
You may contact TRS to talk to a TRS staff member or schedule an appointment after you receive a hypothetical estimate, projection or Intent To Retire. Phone consultations are encouraged as many questions CAN be answered by telephone if you are unable to make an appointment. TRS responds to inquiries in a timely manner, providing estimates of retirement benefits under all options for the date(s) requested.