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TRS is a defined benefit retirement plan governed by Internal Revenue Code Section 401(a). All eligible employees of The University of Texas System are automatically enrolled in TRS on their first day of employment. Employee and employer contributions go into a large trust fund that is managed by knowledgeable professionals. Retirement benefits are based on legislatively determined formulas. You are vested after five years of service with a right to a retirement benefit. There are also disability and death and survivor benefits available to TRS members.
See the TRS website for more information on this valuable benefit.