Teachers' Retirement System

 

 

The Montana Teachers’ Retirement System (TRS) serves active and retired teachers and educators in the State of Montana.  TRS is a traditional defined benefit pension plan.  TRS members have the additional security in which benefits are paid based on their years of service and their final average compensation. Defined benefits are guaranteed during the lifetime of the member. 


As a Montana University System (MUS) faculty member, if you are hiredinto aposition that was previously covered by TRS and are currently an active, inactive or retired member of TRS, you may have a choice to remain in your current retirement plan or transfer to the Montana University System Retirement Program (MUS-RP).  Written election to move to the MUS-RP must be done within 30 days of becoming eligible to participate.  MUS employees not already members of TRS hired into a position previously covered by TRS will become members of the MUS-RP.  For more information please visit TRS.

 

TRS

TRS is a defined benefit plan only available to MUS employees that are active, inactive or retired TRS members working in a TRS covered position. 

Employee and Employer Contribution

Montana statute specifies how much you and your employer contribute to the plan.  By law, you cannot make additional payroll contributions more than the amount defined in the statute. Member contributions are calculated based on your gross compensation, before any pretax deductions.  This means your contributions are made on a pretax basis and grow tax deferred until you withdraw the funds.  At that time, you pay taxes on the amount you withdraw. 

Total contributions to TRS are 19.30%

  • 8.15% Employee
  • 11.15% Employer

You are vested when you complete five years of membership service which means you are guaranteed a retirement benefit when you meet the age and membership service requirements.  Being vested in the TRS means you have a right to a benefit.

How to Enroll

TRS enrollment is not available to MUS employees unless you are an active, inactive or retired member of TRS and then you may have a choice to remain in your current retirement system or become a member of the MUS-RP.  Written election to move to the MUS-RP must be done within 30 days of becoming eligible to participate.  Please contact TRS to discuss your options before you make any decisions.  We recommend you review the MUS-RP and the TRS information so you understand all options available to you.  Further information and training is available through the TRS .

Access Funds Upon ending Employment (Before Retirement)

If you are leaving employment with the MUS, you may have several choices regarding your retirement funds.  Please note that in-service distributions from TRS are not permitted.  Please contact TRS for refund options.

What happens if I change jobs within the MUS?

While working at the MUS, if you change positions and your position is no longer a TRS covered position, you may have the option to join the MUS-RP or join the Montana Public Employees’ Retirement System (PERS).  If you are no longer in a TRS covered position, you cannot continue to be an active member of TRS.  Please contact your HR office to discuss your options.

Manage Your Retirement

TRS provides informative workshops for its members who are either new to the workforce and/or are ready to retire after years of hard work.  Please visit the TRS Active Members page for more information.

If you are ready to retire, please visit the TRS Preparing for Retirement page.

TRS Contact Information

Teachers’ Retirement Administration
1500 East Sixth Avenue
P.O. Box 200139
Helena, MT  59620-0139
Toll Free:  1-877-600-4045 
Phone:  406-444-3134
Fax:  406-444-2641
Website:  https://trs.mt.gov/trs-home/view   
e-mail:  trswebadmin@mt.gov


Disclaimer: If there are any discrepancies between this website and the provisions of TRS, the Plan Document will prevail.

*
If you are in an academic or a professional administrative personnel position and are an active, inactive or retired member of the TRS or the PERS you may have a choice of remaining in your current retirement system or becoming a member of the MUS-RP. If you are eligible, written election to move to the MUS-RP must be done within 30 days of becoming eligible to participate or you will remain in your current retirement plan. Please contact either TRS or PERS to discuss your options before you make any decisions.


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Montana University System • Office of the Commissioner of Higher Education
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