As a member, your annual statement is one of the most important documents you receive from TRS. Carefully review the information on your statement as it includes valuable information about your membership which will help you plan for your future retirement.
This webpage answers questions you may have and highlights some of the key areas you will find on your statement.
Note: After you retire, or if you withdraw your accumulated contributions in your member account, annual statements will no longer be issued to you.
TRS begins preparing annual statements in September, and they are mailed in batches beginning in October through the end of November. All statements should be mailed by Dec. 1 of each year.
This year's annual statement will be available on the MyTRS online member portal. Members who have a MyTRS account will receive their statement electronically, unless they've opted to receive a paper copy by mail.
As long as you have not retired or refunded your account, you should receive a statement.
Information on the annual statement is for the most recently completed school year that began on Sept. 1 and ended on Aug. 31.
The front side of your annual statement features:
- beginning account balance
- the total amount of member contributions deposited into your member account during the last school year
- interest credited to your account over that school year
- account balance as of Aug. 31
- taxable and non-taxable dollars in your account (if applicable)
- date of birth
- TRS membership tier
- years of TRS service credit
- School year salary (as reported by your employer on a Sept. 1 through Aug. 31 basis) if you had at least 90 days of paid work with a TRS-covered employer during the year
It is important to notify TRS immediately if any of the information on your annual statement is incorrect.
As you review your statement, you will also find information on:
- estimated service retirement benefits
- disability retirement benefits
- the pillars used to plan for a secure retirement
- member death benefits
Your annual statement will not display your current beneficiary information. If you have previously submitted a beneficiary designation form to TRS, it is part of your TRS member records. If you would like to update your beneficiary designation, log in to your MyTRS account and manage your information under the Beneficiary tab.
Carefully review your salary and service credit information shown on your statement.
The school year begins on Sept. 1 each year for all TRS members. This means that your TRS service and compensation credit is determined on a Sept. 1 through Aug. 31 basis, regardless of the dates of your contract or work agreement, or your employer's calendar.
Special rules may apply to the amount of annual compensation for the final year of retirement. For more information, please refer to the TRS Benefits Handbook. The compensation listed on your annual statement does not take into consideration these special rules. TRS will apply the rules at the time of your retirement.
Please note: Your employer reports salary information to TRS; however, TRS may adjust your salary to meet the requirement for annual compensation as defined by the TRS plan terms.
If you have service not shown as service credit on your statement, you must verify that service to TRS within five years from the end of the school year in which you rendered that service. Similarly, compensation not reflected on your statement must be verified within five years from the end of the school year in which it is paid.
If you do not notify TRS and verify your service or compensation within the applicable time frame, you will not be able to establish TRS credit for the service or the compensation, and you will not be able to use the service or compensation for TRS benefit purposes.
If you find an error on your statement regarding salary or service credit for the most recent school year reflected on your statement, you may be able to correct the error without additional cost to you other than the member contributions due on the compensation paid to you. However, you must notify TRS immediately but no later than May 31 so that it can be corrected by the end of the current school year as required by TRS rules.
Your statement shows an unaudited retirement estimate based on your current years of service and the date that you are first eligible to retire. In addition, we've included a projection of service credit in which we assume that you continue to work until your retirement eligibility date.
To help you understand the value of your potential retirement benefit, we've included a projected lifetime annuity value. This represents the total amount you could expect to receive if you live to your normal life expectancy. It's important to note that this is not a guaranteed amount.
The annual statement shows and provides a retirement estimate based only on TRS service credit. If you meet age and service credit requirements for TRS retirement using service credit from another Texas public retirement system participating in the Proportionate Retirement Program, your statement may not include a retirement estimate or if your statement includes a retirement estimate, the estimate may not take into account your service credit from the other retirement system. Please contact each retirement system for more information.
Video: Understanding Your Member Statement
Grab your statement and follow along as we walk through the statement section by section.
FAQs about the Annual Statement
TRS mails annual statements in the fall. All annual statements should be mailed by Dec. 1 of each year.
Members who have a MyTRS account will receive their statements electronically, unless they've opted to receive a paper copy by mail. Members who do not have a MyTRS account will receive their statements by mail.
As long as you have not retired or refunded your account, you should receive a statement
You can access your electronic copy of your annual statement by logging in to your MyTRS account and navigating to your Documents (located under the Account Management tab).
Annual statements detail contributions and other activities for active TRS members who are preparing to receive their future retirement benefits. Once you retire, you begin receiving a monthly annuity and are no longer making contributions to your TRS account.
You will not receive an annual statement if:
- You are a retiree
- Your current mailing address is not on file in TRS records
- You have just begun working or just returned to work in a TRS-covered position after taking a refund and no contributions have been made during the prior school year
- You have a MyTRS account (where you will receive your statement electronically)
- Your statement has not yet been printed and mailed. Statements are printed and mailed, as described above, after the close of the TRS school year.
If you have not received your statement by mid-December and you do not fall within one of the reasons in this list, please contact us at 1-800-223-8778.
In most cases, this means that you completed the purchase of the service credit after the end of the school year (Aug. 31), or you have not yet completed making payments sufficient to establish the service credit. Any service credit purchases completed after Aug. 31 will be reflected on your next annual statement.
If you believe that you have more years of service credit than are shown on your statement, you have five years to notify TRS in writing that you believe there is a discrepancy and to provide verification of any service not credited. Similarly, compensation not reflected on your statement must be verified within five years from the end of the school year in which it is paid. If you fail to notify TRS in writing and verify the unreported service or unreported compensation within five years, you cannot purchase TRS credit for the service or compensation it and you cannot use the service credit or compensation to determine eligibility for or the amount of any benefits.
If due to a technological error your employer did not report your service rendered in the most recent school year reflected on your annual statement, you may be able to correct the error through your employer and receive credit at no additional cost to you other than the required member contributions. However, you must notify your employer and TRS in writing immediately upon noticing the error but no later than May 31 of the year following the year the service was rendered and/or the compensation was paid. Upon receipt of the required member and employer contributions and your employer's corrected report(s), the service credit will be credited to you. If the error is not corrected by the deadline, you will need to verify the unreported service and purchase service credit at the actuarial present value. This may result in a substantial increase in cost. Unreported compensation may be corrected in a similar manner.
Your statement reflects the salary that has been reported to TRS by your employer. In most cases, it is the salary reported from September through August of the just-completed school year. The salary on your statement and the salary on your contract may not be the same, as TRS credits salary reported as paid from September through August.
Your annual statement reports school year earnings and will not agree with the calendar year earnings on your W-2 form for income tax purposes. Salaries on your statement are subject to audit and adjustment by TRS to meet the requirements for annual compensation as defined by the TRS plan terms before any benefits are paid.
The taxable dollars in your account represent member contributions you have paid into TRS since Jan. 1, 1988, as well as any service credit purchase you may have made with a rollover of tax-deferred dollars from another eligible retirement plan such as an IRA, plus all interest your account has earned from inception to date. The non-taxable dollars, if any, represent the member contributions you paid into your TRS account prior to Jan. 1, 1988, as well as any service credit purchases you may have made with after-tax dollars.