Saving for Retirement

My Retirement Outlook ScreenshotHow Much Money Will You Need?

The UT Retirement Program is proud to present My Retirement Outlook, a comprehensive tool that allows you to predict just what you can expect to receive during your retirement and what it will take to get to where you want to be.

Calculations are based solely on information provided by you and no confidential data is retained. 

In order for you to make the most of this tool, make sure you have the following data handy:

  1. Your last TRS statement in order to provide:
  • your current annual salary;
  • your years of service in TRS; and
  • Your grandfathered status.
  1. Your expected age of eligibility for Social Security
  2. The amount of any savings in your UTSaver Retirement Programs
  3. Any other savings you may have
Let's get started!

Grandfathering and TRS

Your grandfathered status for TRS purposes determines how your TRS benefit is calculated.

There are three TRS grandfathered statuses:

  1. Before 2005: If you were either 50 years of age; had at least 25 years of service; or your years of service and age totaled 70 on or before August 31, 2005.
  2. Before 2007: If you were a member of TRS on or before August 31, 2007, but do not meet the grandfathering retirement before 2005.
  3. After 2007: If you became a member of TRS after August 31, 2007.

Next steps for My Retirement Outlook:

  1. Review the UTRetirement Programs Overview.
  2. Determine which Retirement Provider(s) best meet your needs.
  3. Choose investment funds that meet your needs or work with our approved providers to make your selections.
  4. Enroll in the UTSaver Plan(s) of your choice.
  5. Questions?  Contact your local Benefits Office.

This information is intended for general informational purposes only. You should not consider it tax, legal or investment advice. In the event that anything on this website conflicts with the UT System Retirement Program plan documents, UT System policies, or state or federal law, the UT System Retirement Program plan documents, UT System policies, or state or federal law will govern. Please consult your tax, legal or investment advisor for assistance with your personal situation.

 

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