Killeen ISD 2020 BENEFITS
RET IREMENT BENEF ITS
TEACHER RETIREMENT SYSTEM (TRS)
All regular KISD employees are required to participate in the Teacher Retirement System (TRS). Employees contribute 7.7% of their before tax salary to TRS. TRS retirement plan benefits may include the following, depending on your eligibility: • monthly service retirement annuity payments for the life of the retiree, with a choice at time of retirement of standard annuity, joint and survivor annuity (Option One, Two or Five), or guaranteed 29 period annuity (Option Three or Four) payment plans, • monthly disability retirement annuity payments • Partial Lump Sum Option (PLSO) payment in addition to a reduced monthly service retirement annuity • distribution of a DROP account, • survivor benefits payable on the retiree’s behalf to a beneficiary. Benefits are subject to change by law or by rules of the TRS Board of Trustees Additional information is available from TRS at Teacher Retirement System of Texas, 1000 Red River Street, Austin, TX 78701-2698, or call 800-223-8778 or 512-542-6400. TRS information is also available on the web (www.trs.texas.gov).
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