Retirement Plans available at Amarillo College.
Teacher Retirement System of Texas (TRS)
TEACHER RETIREMENT SYSTEM OF TEXAS (TRS) (Mandatory Participation for Classified employees)
TRS provides guaranteed retirement benefits in the form of annuities backed by the State of Texas. Employee contribution is 6.4% of salary, which is tax sheltered. State contribution is 6.8% of salary. Five year vesting period to receive TRS funded annuity at retirement age. There are five Survivor Benefit options one of which is a lump sum payment of 2X's annual salary up to $80,000.
For more information about TRS go to: www.trs.state.tx.us
Optional Retirement Program (ORP)
Comparison of TRS/ORP for Administrators & Faculty
Amarillo College Benefit Plan (ACBP)
Last updated by bcwaren -- Mar/06/14