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TRS Plan 3

TRS Plan 3

Defined Benefit

1% × SCY × AFC

Guaranteed Lifetime Benefit

Defined Contribution

Benefit amount varies based on contributions and investment earnings

TRS Plan 3 has two components:

  • A Defined Benefit component like TRS Plan 2, which provides a guaranteed lifetime monthly retirement benefit based on your years of service and compensation, provided you meet the age and service requirements.
  • A Defined Contribution component in which you choose the level of your contributions and how they are invested.

 

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