Teacher Retirement System - TRS

DEFINITION of 'Teacher Retirement System - TRS'

An organization that is specifically set up for teachers to help with or manage retirement planning. Because there are individual teacher retirement systems set up for each state, there are differences in what they each offer. For the most part, the organization helps arrange retirement benefits for its member and their beneficiaries.

BREAKING DOWN 'Teacher Retirement System - TRS'

As part of the retirement program, members make regular contributions to their retirement accounts. The funds that are contributed are then invested and managed.

The teacher retirement system also offers disability and death benefits to its members and ensures the responsible distribution of the benefits.

RELATED TERMS
  1. Ontario Teachers' Pension Plan ...

    An organization that oversees the pension plan for public school ...
  2. Retirement Planning

    The process of determining retirement income goals and the actions ...
  3. Retirement Contribution

    A monetary contribution to a retirement plan. Retirement contributions ...
  4. Retirement Readiness

    The state and/or degree of being ready for retirement. Retirement ...
  5. Forced Retirement

    The involuntary ending of one's career because of a layoff, health ...
  6. IRS Publication 721: Tax Guide ...

    A document published by the Internal Revenue Service (IRS) that ...
Related Articles
  1. Retirement

    Retirement Tips for Teachers

    Discover quick and easy retirement tips for teachers, such as diversifying your portfolio, having an age goal and knowing your defined benefits.
  2. Professionals

    Best States For Teachers

    Teaching salaries and benefits vary from state to state. Find out which states are the best for an education career.
  3. Saving and Spending

    Is the 80% Retirement Rule Valid for Clients?

    Is the 80% rule of thumb for retirement spending a reasonable one?
  4. Financial Advisors

    Retirement Savings: How Much is Enough?

    Sure, you can never save too much for retirement, but just how much is enough?
  5. Financial Advisors

    Retirement's Evolution: How to Be Prepared

    For many, retirement might not be the full stoppage of work and living a life of leisure but rather one of slowly phasing out of the workforce.
  6. Financial Advisors

    Retirement Looming? Here are 6 Essential Tips

    Planning on retiring in the next decade or so? Here is a checklist for both advisors and those planning on their own.
  7. Retirement

    Those Who Retire Early Share These Traits

    Here's how people planning on retiring early prepare for what's ahead.
  8. Your Clients

    Top Tips to Transition into Retirement Confidently

    Here are some of the best ways to make the transition to retirement painless.
  9. Financial Advisors

    How to Help Clients Plan a Phased Retirement

    The notion of phased retirement is gaining traction. Here's how advisors can help clients plan accordingly.
  10. Financial Advisors

    Top Retirement Prep Questions to Ask Clients

    Is your client really ready for retirement? Here are some essential questions to ask.
RELATED FAQS
  1. What are the benefits and advantages of the Teacher Retirement System?

    Learn about some of the primary benefits of a teacher retirement system and what similarities it has with other types of ... Read Answer >>
  2. Who is eligible for a Teacher Retirement?

    Learn about the retirement option, the Teacher Retirement System, offered to teachers and other public school employees, ... Read Answer >>
  3. What does a sample plan using the 4% retirement rule look like?

    Discover how the 4% retirement rule can work as part of a plan to achieve increasing retirement income if investments perform ... Read Answer >>
  4. When am I eligible to receive Social Security benefits?

    Understand when you are eligible to begin collecting Social Security retirement benefits and how retiring at different ages ... Read Answer >>
  5. What is the maximum I can receive from my Social Security retirement benefit?

  6. How soon should I start saving for retirement?

    Learn about the basics of retirement planning and the reasons why it is so advantageous for individuals to start saving for ... Read Answer >>
Hot Definitions
  1. Physical Capital

    Physical capital is one of the three main factors of production in economic theory. It consists of manmade goods that assist ...
  2. Reverse Mortgage

    A type of mortgage in which a homeowner can borrow money against the value of his or her home. No repayment of the mortgage ...
  3. Labor Market

    The labor market refers to the supply and demand for labor, in which employees provide the supply and employers the demand. ...
  4. Demand Curve

    The demand curve is a graphical representation of the relationship between the price of a good or service and the quantity ...
  5. Goldilocks Economy

    An economy that is not so hot that it causes inflation, and not so cold that it causes a recession. This term is used to ...
  6. White Squire

    Very similar to a "white knight", but instead of purchasing a majority interest, the squire purchases a lesser interest in ...
Trading Center