Member Education Seminar. Indiana State Teachers’ Retirement Fund Please silence your cell phones. Overview. Membership & Service Credit Retirement Overview Investments TRF Web Site. Membership Eligibility. Licensed Teachers & Administrators
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Indiana State Teachers’ Retirement Fund
Please silence your cell phones.
Example of cost to purchase one additional year of service credit
AgeAnnual SalaryYrs ServiceEstimated Cost
35 $ 40,000 10 $ 526
40 45,000 15 1,394
45 50,000 20 2,234
50 55,000 25 12,646
If service credit is purchased and never used, the member is refunded the purchase amount plus interest.
Your Teachers’ Retirement Fund (TRF) retirement benefit consists of two separate components:Monthly Pension Benefit+ Annuity Savings Account Your TRF Retirement Benefit
Part One: Monthly Pension Benefit
$60,000 x 1.1% x 30 = $19,800 ($1,650/month)
Part Two: Annuity Savings Account
The power of compound interest
But what if…
Please note: estimates based on numbers as of January, 2009
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