Teachers Retirement System of Texas

All personnel employed on a regular basis for at least four and one-half months are members of the Teachers Retirement System of Texas (TRS).

• Current TRS mandatory contribution 7.7% (deducted pre-tax)
• Current TRS-Care retirees’ group health benefits contribution .65% (deducted pre-tax)
• Contact TRS at 1-800-223-8778; web address: www.trs.state.tx.us

Traditional 403(b) and 457(b)

Upon enrollment, participants designate a portion of their salary that they wish to contribute to their traditional 403(b) and/or 457(b) account(s) up to their maximum annual contribution amount on a pre-tax basis, thus reducing the participant’s taxable income.  Contributions to the participant’s 403(b) or 457(b) accounts are made from income paid through the employer’s payroll system.  Taxes on contributions and any earnings are deferred until the participant withdraws their funds.

Roth 403(b)

Contributions made to a Roth 403(b) account are after-tax deductions from your paycheck.  Income taxes are not reduced by contributions you make to your account.  All qualified distributions from Roth 403(b) accounts are tax-free.  Any earnings on your deposits are not taxed as long as they remain in your account for five years from the date that your first Roth contribution was made.  Distributions may be taken if you are 59 ½ (subject to plan document provisions) or at separation from service.

• Meaningful Notice   

To view a list of authorized investment providers click here.

For more information contact our Plan Administrator, TSA by calling 1-888-796-3786