Teacher Retirement System of Texas

The Teacher Retirement System of Texas (TRS) is responsible for investing funds under its stewardship and for delivering benefits to members as authorized by the Texas Legislature. TRS is a defined benefit plan, with retirement benefits determined by a pre-established formula. The trust fund is sustained principally by three sources-contributions by members during their working careers, contributions by the state, and investment revenues. TRS was founded 85 years ago and has $200 billion in assets, making it the largest public retirement system in Texas in both membership and assets. It is the sixth largest public pension plan in the U.S. and is among the 20th largest in the world. The agency serves nearly 1.9 million people, of which over 1 million are public and higher education members and over 400,000 are retirement recipients and beneficiaries.