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Texas Teacher
Retirement System (TRS)
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TRS Retirement Income Example (see your $$$$)

The examples below illustrate the value of the Texas Teacher Retirement System (TRS) Basic Annuity retirement income stream. These are shown at several "Final Average Salary" levels, ages 55 and 60, and different periods into retirement. They all represent large sums of income as they are received over the years of life expectancy.
And large sums to forfeit by not living to or through life expectancy!

Life Expectancy Value of
Basic Annuity* Retirement Income
Age Of Retiree & Spouse Final Average Salary Pension Year 1 Pension Year 10 Pension Year 20 At Year of Life Expectancy Total Value at Life Expectancy
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55 $50,000 $34,500 $42,100 $51,300 $54,700 $1,065,000
60 $50,000 $34,500 $42,100 $51,300 $50,700 $857,000
 
55 $75,000 $51,700 $63,000 $76,800 $82,000 $1,597,000
60 $75,000 $51,700 $63,000 $76,800 $75,900 $1,285,000
 
55 $100,000 $69,000 $84,200 $102,600 $109,400 $2,131,000
60 $100,000 $69,000 $84,200 $102,600 $101,400 $1,713,000
 
* Source: www.trs.state.tx.us website
Note: 30 years of service and 2% COLA's assumed

The Pension Maximization Plan Advantage

If your personal, lifestyle, and financial objectives align positively with the What Is Important To You section, then this table approximates the advantage your own PenMax Plan may have over the TRS Basic Annuity. The TRS ceases its Basic Annuity retirement payments to the retiree at his death, and likewise, ceases any Spousal Reduction payments upon the death of the survivor (retiree/spouse).

However, it is likely that under your PenMax Plan there would still be a large sum which could be used to benefit whomever you wish. The approximate range of value is shown in the columns titled "PenMax Advantage" below.

It is this amount that may be "left on the table" simply by ignoring the opportunity, or being unable to qualify for it.

How Large is the PenMax Plan Advantage?
TRS, or TRS and PenMax Plan
Age Of Retiree & Spouse
(both)
Final Average Salary Standard Annuity
(monthly)
Option 1
(monthly)
The Pension Maximization Advantage at Life Expectancy
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55 $50,000 $2,875 $2,660 $175,000 to $275,000
60 $50,000 $2,875 $2,590 $160,000 to $250,000
 
55 $75,000 $4,310 $3,990 $275,000 to $400,000
60 $75,000 $4,310 $3,890 $240,000 to $290,000
 
55 $100,000 $5,750 $5,320 $400,000 to $475,000
60 $100,000 $5,750 $5,180 $350,000 to $525,000
 
* Source: www.trs.state.tx.us website
Note: 30 years of service and 2% COLA's assumed
 
 
 
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Great effort has been made to assure accuracy of the representations on these pages. It is possible that there may be technical inaccuracies or typographical errors. Improvements, updates, and changes in the materials contained herein or described on this site may be made at any time without notice. Product availability and benefits are subject to various state licensing and regulatory authorities.
 
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