Teacher Retirement System (TRS)

The Teacher Retirement System (TRS) is a state-run pension fund that provides retirement benefits to teachers and other public employees in the state of Texas. The TRS is funded by contributions from employees and employers, and it invests those contributions in a variety of assets, including stocks, bonds, and real estate.

The TRS is one of the largest public pension funds in the United States, with over $100 billion in assets. It provides retirement benefits to over 1.5 million current and retired members.

The TRS is governed by a board of trustees, which is made up of nine members. The board is responsible for setting the investment policy for the TRS, and it also approves the annual budget.

The TRS has a long history of providing secure and reliable retirement benefits to its members. In recent years, however, the TRS has faced a number of challenges, including a decline in investment returns and a rise in the number of retirees. As a result, the TRS has had to make some changes to its benefits, including increasing the retirement age and reducing the cost-of-living adjustment.

Despite these challenges, the TRS remains a valuable asset for the state of Texas. It provides retirement security for thousands of teachers and other public employees, and it helps to ensure that the state has a well-educated workforce.

Here are some additional details about the TRS:

* The TRS was established in 1937.
* The TRS is funded by a combination of employee contributions, employer contributions, and investment income.
* The TRS offers a variety of retirement benefits, including a defined benefit pension plan and a defined contribution plan.
* The TRS is one of the largest public pension funds in the United States.
* The TRS has a long history of providing secure and reliable retirement benefits to its members.
* The TRS has faced a number of challenges in recent years, including a decline in investment returns and a rise in the number of retirees.
* The TRS has made some changes to its benefits in recent years, including increasing the retirement age and reducing the cost-of-living adjustment.
* The TRS remains a valuable asset for the state of Texas. It provides retirement security for thousands of teachers and other public employees, and it helps to ensure that the state has a well-educated workforce.