Call us  Phone Number: (214) -778-5645 info@educators-advantage.com

Plano, Tx

TRS/ORP Pension Analysis

Educators have a different retirement plan than individuals in the private sector.  Many TRS members find that after speaking with a state benefits counselor they leave the TRS building with questions left unanswered. To name just a few common questions:

  • Which retirement option is best for me?
  • How much will I have per month in retirement if I work for “X” number of years?
  • Should I elect the PLSO or not? If I do, where should I put it?
  • What about income from my retirement accounts, Social Security and other potential income sources?

Partial Lump Sum Counseling

With our expertise in retirement-oriented financial strategies we can help you weigh the potential advantages and disadvantages of making any decision related to Lump Sum distributions. Our goal is to first educate and explain, in simple terms, all options available to you. After a thorough analysis and evaluation we will then recommend a best course of action based on your specific financial situation and concerns. Ultimately you remain in control of the decision process and we assist you in achieving your goals.

Partial Lump Sum Counseling

With our expertise in retirement-oriented financial strategies we can help you weigh the potential advantages and disadvantages of making any decision related to Lump Sum distributions. Our goal is to first educate and explain, in simple terms, all options available to you. After a thorough analysis and evaluation we will then recommend a best course of action based on your specific financial situation and concerns. Ultimately you remain in control of the decision process and we assist you in achieving your goals.

We can help you understand the basics 

  • A Defined Benefit Pension administered as a qualified 401(a)
  • Member and state contribution rates
  • Understanding your annual TRS statement
  • Creditable service and purchasing credits (out of state, military, withdrawn, etc)
  • TRS/ERS service transfers
  • Retirement eligibility in light of legislative changes (“Grandfathered” vs “Non-Grandfathered)
  • “Rule of 80″ vs “Rule of 90″ and other qualifications for benefits
  • Understanding the Retirement Formula (Sample Retirement Estimate of Benefits, 30% to 45% average pay-cut)
  • Annuity and Joint Survivor Benefit Selections
  • Partial Lump Sum Options (tax, survivor and income implications and benefits)
  • Applying For Retirement (“Blue Packet”)
  • TRS Active Care and Medicare
  • COLA
  • Post Retirement Employment
  • Avoid Common Mistakes
  • How does my TRS combine with Social Security
  • How much will my pension be?
    Contact your Educators Advantage Group Advisor to get started.

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