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Changing Your Plan of Retirement
Published: September 18, 2021
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Changing Your Plan of Retirement
After you begin receiving a monthly retirement benefit, if you have chosen Plan A (Maximum Plan) or Plan B Option 1, you cannot change to a survivorship plan, which allows a monthly benefit to be passed to a beneficiary at your death.
Tags: Retiree
Published: October 5, 2021
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Retirement Plans Offered
TRS offers a defined benefit plan of retirement, also known as a 401(a). As its name implies, your retirement benefit is “defined” by calculation using your years of membership service, the average of your highest 24 consecutive months of salary*, and a 2% multiplier.
Published: September 16, 2021
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Plan B
Plan B provides members with 6 survivorship options: Option 1 allows you to possibly leave a lump-sum payment, but no monthly benefit, to a beneficiary(ies) after your death; and Options 2-4 allow you to provide a continuing monthly benefit to a beneficiary(ies) after your death.
Published: September 17, 2021
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Beneficiary Information – Retirees
As a retiree, there are very limited instances where you can change your beneficiary. Should your beneficiary predecease you, you can make new beneficiary designations according to the provisions of the retirement plan under which you retired.
Tags: Retiree
Published: September 28, 2021
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Death of a Beneficiary
As a retiree, should your beneficiary predecease you, you can make new beneficiary designations according to the provisions of the retirement plan under which you retired.
Tags: Retiree
Published: September 28, 2021
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