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Teacher Retirement System of Texas
Teacher Retirement System of Texas in Austin
Agency overview
Formed
1937 (1937)
Type
Teacher Retirement System
Jurisdiction
Texas
Headquarters
1000 Red River Street Austin, Texas
Employees
676
Annual budget
$4.8 billion USD (2017-18 biennium)
Agency executives
Brian Guthrie, Executive Director
Andrew Roth, Chief Operations and Administration Officer
Key document
Section 67, Article XVI Texas Constitution
Website
www.trs.texas.gov
The entrance to the T.R.S. Building on Red River Street in Austin
Teacher Retirement System of Texas (TRS) is a public pension plan of the State of Texas. Established in 1937, TRS provides retirement and related benefits for those employed by the public schools, colleges, and universities supported by the State of Texas and manages a $180 billion trust fund established to finance member benefits. More than 1.6 million public education and higher education employees and retirees participate in the system. TRS is the largest public retirement system in Texas in both membership and assets and the sixth largest public pension fund in America. The agency is headquartered at 1000 Red River Street in the capital city of Austin.[1]
A Board of Trustees governs the retirement system.[2]
The Board is composed of nine trustees who are appointed to staggered terms of six years. Three trustees are direct appointments of the Governor. Two trustees are appointed by the governor from a list prepared by the State Board of Education. Two trustees are appointed by the governor from the three public school district active member candidates who have been nominated for each position by employees of public school districts. One trustee is appointed by the governor from the three retired member candidates who are nominated by retired TRS members. Beginning with the 2017 election, the former higher education trustee position on the board became an “open” seat. TRS retirees, members of public school districts and members of higher education institutions are eligible to run for nomination to this trustee position. The top three vote recipients’ names will then be submitted to the governor for appointment.
The Executive Director of TRS is Brian Guthrie.[3] The budget requested for the 2018-19 biennium is $4.8 billion USD.[4]: Administrator's Statement-p2
^"Contacts for TRS." Teacher Retirement System of Texas. Retrieved on March 23, 2009.
^"TRS Board of Trustees." Teacher Retirement System of Texas. Retrieved on March 23, 2009.
^"BRIAN GUTHRIE NEW TRS EXECUTIVE DIRECTOR" (PDF). September 1, 2011. Retrieved 2012-01-21.
^"Legislative Appropriation Request For Fiscal Years 2018 and 2019" (PDF). August 16, 2017. Retrieved 2017-11-29.
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