Retirement Benefit Seminar. Indiana State Teachers’ Retirement Fund Please silence your cell phone. Overview . TRF Retirement Benefit Retirement Payment Options TRF Resources: Web Site & Appointments. Pension Benefit Normal Retirement Eligibility. Age 65+ with 10+ years of service
Indiana State Teachers’ Retirement Fund
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Your Teachers’ Retirement Fund (TRF) retirement benefit consists of two separate components:Monthly Pension Benefit+ Annuity Savings Account Your TRF Retirement Benefit
Your TRF Retirement Benefit has two parts:
Optional third part:
Reminder: the IRS considers your total TRF retirement benefit as taxable income
Part One: Monthly Pension Benefit
$60,000 x 1.1% x 30 = $19,800 ($1,650/month)
Your choice of survivor and pension option cannot be changed unless the following circumstances exist:
Part Two: Annuity Savings Account
As retirement approaches, compare outside retirement plan payment options with TRF’s payment options.
Account balanceTRFCompany XCompany Y
$60,000 $432 $339 $345
80,000 576 452 463
100,000 720 565 582
120,000 864 678 701
(Information retrieved January, 2009)
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