TEACHERS’ RETIREMENT SYSTEM – 401(a) DEFINED BENEFIT PROGRAM
All eligible employees are required by state law to contribute 7.50% of their gross annual salary to TRS. This defined benefit program provides retired employees with a specific benefit payable monthly for the lifetime of the member. In addition to the employee contribution, the System contributes a percentage which is determined by the Alabama Legislature.
TRS members are eligible for retirement benefits at age 60 with 10 years of participating service, or at any age with 25 years of participating service. Accumulated sick leave at retirement may be converted to additional service credit.
Upon service retirement, employees are also eligible to join the state’s Public Education Employee Health Insurance Plan (PEEHIP). Rates for this plan vary based on years of TRS service. Individuals resigning from employment before vesting in the program, or before qualifying to receive benefits, may request a refund of their contributions and applicable interest.
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