Heads Up: Change in TRS Rules

San Antonio AllianceUncategorized

A change in law and rules at the Texas Teacher Retirement System means that you had better make sure you receive and review your annual statement of TRS-covered service. The new law and rules require that any correction needed must be brought to the attention of TRS within five years, and failure to receive the annual statement does not extend that deadline.

Here’s how TRS explains the matter: “Members now must notify TRS in writing if eligible membership service is not shown as service credit on the member’s annual statement. In order for the member to receive TRS credit for the service, the member must notify TRS within five years of when the service was rendered. The bill [SB 1667, effective September 1, 2011] also provides a transition period for members who have service that was rendered more than five years before the bill takes effect. A member who seeks to establish credit for
service rendered before September 1, 2011, but that is not credited on the annual statement must notify TRS in writing by August 31, 2016.”

A practical suggestion:  You can register for online access to your annual statement and to all sorts of other useful information by registering on the “MyTRS” website.