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Teachers Retirement System

Partial Lump Sum Option (PLSO)

Members who are not participating in the Deferred Retirement Option Plan (DROP) and are not retiring under the Proportionate Benefits Law may select a partial lump sum distribution (PLSO) at retirement if they meet one of the two following requirements:

(1) the member is grandfathered (as described under Retirement Eligibility Requirements) and either is 65 with at least five years of service credit or meets the Rule of 80 (combined age and years of service credit total at least 80) with at least five years of service credit,
OR​​

(2) the member is eligible for a service retirement annuity (reduced or unreduced) and the member's age plus years of service credit total at least 90.

Eligible members may select a partial lump sum distribution not to exceed an amount equal to 36 months of a standard service retirement annuity. When this option is selected, the member's annuity will be actuarially reduced to reflect that distribution and will be computed so that no actuarial loss results to TRS. The actuarially reduced annuity will continue throughout the life of the member.

A lump sum amount equal to 12 months of a standard annuity may be taken at the same time as the member's first monthly annuity payment. A lump sum amount equal to 24 months may be taken in either one or two annual payments. A lump sum amount equal to 36 months may be taken in one, two or three annual payments.

Percentages shown in the table below will be applied to reduce a member's standard annuity (normal or early age, as applicable), when he or she elects a partial lump sum distribution. For example, a member who retires at age 60 with a $2,000/month annuity and selects a partial lump sum distribution of 12 months would receive a $24,000 lump sum distribution ($2,000 × 12) plus an $1,809.20/month reduced annuity ($2,000 × 90.46%). If a member then selects an optional retirement annuity, the option factor will be applied to the reduced standard annuity.

To calculate estimated PLSO amounts, go to the Retirement Estimate Calculator page.

Percentage of Standard Annuity Age 45 - 69

Percentage of Standard Salary
Age12 Months24 Months​36 Months
4591.6683.3274.98
4691.6283.2374.85
4791.5783.1374.70
4891.5183.0374.54
4991.4682.9274.37
5091.4082.7974.19
5191.3382.6673.99
5291.2682.5273.78
5391.1882.3773.55
5491.1082.2073.31
5591.0182.0373.04
5690.9281.8472.75
5790.8181.6372.44
5890.7081.4172.11
5990.5881.1771.75
6090.4680.9171.37
6190.3280.6470.95
6290.1780.3470.51
6390.0180.0370.04
6489.8579.6969.54
6589.6779.3469.01
6689.4878.9668.44
6789.2878.5667.84
6889.0678.1367.19
6988.8477.6766.51
​​

Percentage of Standard Annuity Age 70 - 97

Percentage of Standard Salary
​Age12 Months24 Months36 Months
7088.5977.1865.77
7188.3276.6564.97
7288.0376.0764.10
7387.7275.4363.15
7487.3774.7462.12
7587.0074.0061.00
7686.5973.1959.78
7786.1572.3158.46
7885.6871.3557.03
7985.1670.3155.47
8084.5969.1853.78
8183.9867.9651.94
8283.3266.6449.96
8382.6165.2147.82
8481.8363.6745.50
8581.0062.0042.99
8680.0960.1840.27
8779.0958.1937.28
8878.0056.0034.00
8976.8153.6230.43
9075.5251.0426.56
9174.1348.2622.39
9272.6445.2917.93
9371.0542.1113.16
9469.3638.718.07
9567.5535.102.64
9665.6231.250.00
9763.5927.170.00