Teachers Retirement System (TRS) determines employee and employer contribution rates one year prior to their effective date. The TRS, a defined benefit plan, operates on a fiscal year cycle (July 1 – June 30). Please note there is a change in the employer contribution rate for Fiscal Year 2015.

FISCAL YEAR 2015 –TRS Contribution Rates
Employer Contribution Rate 13.15%
Employee Contribution Rate 6.00%

For the remainder of the 2014 fiscal year, the current contribution rates for the Optional Retirement Plan (ORP) will remain the same. The ORP employer contribution rate will remain at 9.24% and the employee contribution rate will remain at 6%. Any change to contribution rates for Fiscal Year 2015 will be communicated prior to July 1, 2014.

FISCAL YEAR 2014 – ORP Contribution Rates
Employer Contribution Rate 9.24%
Employee Contribution Rate 6.00%