ORP or TRS?: Retirement Benefit Comparison 

PERSONAL SCENARIO

If you'd like a personalized illustration of the retirement benefits you might expect from TRS of Texas and the ORP, complete the following information. The information you provide will be used solely for the purpose of providing a hypothetical benefit comparison. After you have entered your information, scroll to the bottom of the page and click the Calculate button to see the results. You can return to this page at any time to change your assumptions or to run additional illustrations.

Use your browser's File, Print option to print this page, as well as the following page, so that you have a complete benefits comparison for your records. For an explanation of terms used, refer to the glossary. Required data fields are indicated with an asterisk ( * ).

Date of birth * (MM-DD-YYYY)
Date of hire (with your current employer) * (MM-DD-YYYY)
Current annual salary *
Anticipated annual salary increase *
Enter the percent of your annual pay you will contribute to the ORP (if different than the amount shown). The contribution amount is typically governed by the Plan and may change.
Enter the percent of your annual pay your employer will contribute to the ORP on your behalf (if different than the amount shown). The contribution amount is typically governed by the Plan and may change.
How many months of retirement benefits did you accrue with prior employers? (This amount will be added to your credited years of service with your current employer.)
What amount, if any, would you transfer from other qualified tax-deferred accounts into the ORP?
At what age do you anticipate separating from service with your current employer? (This may not be your normal retirement age.)
At what age do you anticipate you will begin to receive retirement benefits? (This may not be your normal retirement age.)
Select an assumed investment rate of return you would anticipate earning from now until you begin to receive retirement benefits.
Select an assumed rate of return you would anticipate earning during the period in which you receive retirement benefits.
Your employer has made available an optional Deferred Retirement Option Plan (DROP). If you anticipate that you will be eligible for the DROP when you approach retirement age, indicate the DROP option you would likely select.

Note: You can illustrate the impact of the DROP on your estimated retirement benefits by selecting different DROP options and running multiple illustrations. For additional information on the DROP, refer to the glossary or review the TRS Benefits Handbook on the TRS Publications page of the TRS website. You may also contact the TRS infoline (1-888-877-0123) for information on TRS.

 

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