Contribution Confirmation
TRS employers may wish to confirm with TRS totals that have been remitted for or during a fiscal year. TRS encourages employers to obtain the information directly from the secure Employer Access area of the TRS website. Under Accounting in the left navigation bar, select "Accounts" to view totals or select "Reports" to print totals. One of the reports available is a Fiscal Year Contribution Totals Report (available to employers from April 1 through December 31). Employers should provide that report to auditors requesting remittance information.
Contribution Rates
| Contribution Type | 2018-19 | 2019-20 | 2020-21 | 2021-22 | 2022-23 | 2023-24 | 2024-25 |
|---|---|---|---|---|---|---|---|
| TRS Contributions | |||||||
| Member TRS retirement contribution | 9.0% | 9.0% | 9.0% | 9.0% | 9.0% | 9.0% | 9.0% |
| Employer TRS retirement contribution | 0.58% | 0.58% | 0.58% | 0.58% | 0.58% | 0.58% | 0.58% |
| Employer TRS contribution on federally-funded salary |
9.85% | 10.66% | 10.41% | 10.31% | 10.49% | 10.60% | 10.34% |
| THIS Fund Contributions | |||||||
| Member THIS (insurance) contribution | 1.24% | 1.24% | 1.24% | 0.90% | 0.90% | 0.90% | 0.90% |
| Employer THIS (insurance) contribution | 0.92% | 0.92% | 0.92% | 0.67% | 0.67% | 0.67% | 0.67% |
Earnings Limitations
The limitations will change each year.
| Earnings Limitations | 2019-20 | 2020-21 | 2021-22 |
2022-23 |
2023-24 | 2024-25 |
|---|---|---|---|---|---|---|
| Tier 1 Members* | $280,000.00 | $285,000.00 | $290,000.00 | $305,000.00 | $330,000.00 | $345,000.00 |
|
Tier 2 Members** |
$115,928.92 | $116,740.42 | $116,740.42 | $119,892.41 | $123,489.18 | $125,773.73 |
|
An employer contribution is due on any portion of a member’s salary that is greater than the governor’s statutory salary. The governor’s statutory salary is subject to change annually. |
||||||
| Governor's Annual Salary | $177,500.00 | $181,700.00 | $184,800.00 | $205,700 | $217,100 | TBD |
*Established TRS membership after June 30, 1996. First contributed to TRS or a reciprocal system before Jan. 1, 2011.
**Applicable only to members establishing membership with TRS or a reciprocal system after December 31, 2010.
TRS Supplemental Savings Plan Contribution Limits
| Limit* | 2024 | 2025 |
|---|---|---|
457(b) Contribution LimitThe lesser of the limitation on vested contributions to 457(b)plans under IRC Section 457(e)(15) or 100% of includible compensation. The total of TRS SSP Employee contribution categories 03 (SSP Pretax) and 06 (SSP Roth) and Employer contribution categories 09 (SSP Pretax Employer Match) and 10 (SSP Pretax Employer Non-Elective) cannot exceed this limit. |
$23,000 | $23,500 |
Age-based Catch-up LimitsAge-based Catch-up is available under IRC Section 414(v) for individuals at least 50 years old in the applicable calendar year. The total of TRS SSP contribution categories 04 (SSP Pretax Catch-up) and 07 (SSP Roth Catch-up) cannot exceed the limit. |
|
|
Age 50 – 59 and 64+Additional contribution limit for members aged 50 – 59 and 64+ to be eligible to make this catch-up contribution for the entire calendar year. |
$7,500 | $7,500 |
Age 60 – 63Additional contribution limit for members aged 60 – 63 on the last day of the calendar year (12/31/XX) to be eligible to make this catch-up contribution for the entire calendar year. Note: Effective January 1, 2025, SECURE 2.0 introduced a higher catch-up contribution limit for employees aged 60-63. |
$7,500 | $11,250 |
Special Catch-up LimitThe special catch-up election for employees participating in an eligible 457(b) deferred compensation who have elected the special catch-up available in the three years prior to the year of normal retirement age. The total of TRS SSP codes 05 (SSP Pretax Special Catch-up) and 08 (SSP Roth Special Catch-up) cannot exceed this limit. Note: The participant in a governmental 457(b) plan may make catch-up contributions in a year equal to the greater of (a) the amount permitted under the Age 50 – 59 and 64+ catch-up, (b) Age 60 – 63 catch-up, or (c) the amount permitted under the 457 Special Catch-up. |
$46,000 | $47,000 |
| * Participants may contribute up to the maximum annual limit in pre-tax and/or Roth after-tax dollars minus any employer contributions they may receive. The dollar limit applies to all 457(b) accounts combined, even if the plan is not sponsored by TRS. |
Teachers' Retirement Insurance Program (TRIP) Rates
Effective July 1, 2024
| Type of Plan | Not Medicare Primary Under Age 26 |
Not Medicare Primary Age 26-64 |
Not Medicare Primary Age 65 & Above |
Medicare Primary* All Ages |
|
| Benefit Recipient | Managed Care Plan (OAP & HMO) | $111.77 | $347.20 | $473.05 | $137.21 |
| Teachers' Choice Health Plan (TCHP) | $290.08 | $810.30 | $1,231.35 | $325.35 | |
| TCHP when a managed care plan is unavailable in your county | $145.04 | $405.14 | $615.69 | $162.69 | |
| Dependent Beneficiary | Managed Care Plan (OAP & HMO) | $447.26 | $1,388.78 | $1,892.15 | $472.75** |
| Teachers Choice Health Plan (TCHP) | $580.18 | $1,620.58 | $2,462.71 | $650.71 | |
| TCHP when a managed care plan is unavailable in your county | $580.18 | $1,620.58 | $2,462.71 | $488.04** | |
* You must enroll in both Medicare Parts A and B to qualify for the lower premiums. Send a copy of your Medicare card to TRS. If you or your dependent is actively working and eligible for Medicare, or you have additional questions about this requirement, contact the CMS Group Insurance Division, Medicare Coordination of Benefits (COB) Unit.
** Medicare Primary Dependent Beneficiaries enrolled in a managed care plan, or in TCHP when no managed care plan is available, receive a premium subsidy.
TRAIL MAPD Monthly Contributions
Effective Jan. 1, 2024
|
|
PPO Plan Aetna |
|
Member Rate |
$2.16 |
|
Dependent Rate |
$6.49 |