Keyword Analysis & Research: trs

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Frequently Asked Questions

Is TRS a qualified plan?

Service Retirement Allowances. TRS' Qualified Pension Plan (QPP) is a retirement plan administered under Section 401(a) of the Internal Revenue Code. Our members' employers contribute the amount required to meet TRS' pension benefit obligation.

Is TRS a 401k?

TRS 401K RETIREMENT PLAN is a Defined Contribution Plan which has an account specified for the individual employee where a defined amount is being contributed to the plan by the individual, the employer or both.

Is TRS a 457 plan?

A 457 plan or 457(b) plan is an employer-sponsored, tax-favored retirement savings account. This type of plan is offered to state and local government employees, including police officers, firefighters, and other civil servants.

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