Teachers’ Retirement System (TRS) Plan 3 is a 401(a) plan with two parts: pension and investment. Your employer contributes to your pension, and you contribute to the investment account. When you meet plan requirements and retire, you are guaranteed a monthly benefit for the rest of your life from the employer-funded pension.

2025年1月2日 · Each January, active members who joined Plan 2 before a certain date have the option to transfer to Plan 3. Plan 3 has two parts: a pension account and an investment account. Your employer pays into your pension fund, while your contributions go into an investment account that you control.

Change where your future Plan 3 contributions will be invested using this form. Contributions made before this change will remain in the current investment program unless you request their transfer. Move your existing balance between programs at …

Use this form to designate beneficiaries for your Plan 3 investment contributions. These can be the same or different from the beneficiaries (or survivor) you name for your pension retirement.

Compare how investment fees can impact your account for DCP, Plan 3 or other investment accounts.

2025年1月31日 · For Plan 3 and DCP members, starting Feb. 1, any additional 1099-R forms for your investment accounts will be available under “Statements and Documents” when you select your plan from your online account.

DCP and Plan 3 required minimum distribution (RMD) If you are separated or retired, you must withdraw a minimum amount from your retirement investment accounts every year starting when you reach age 73.

If you are in DCP or Plan 3, you have two ways to access your investment account. Direct investment login DRS works with the record keeper Voya Financial to maintain investment accounts for DCP, Plan 3 and JRA customers.

Plan 3 Pension benefit: On July 1 of every year after your first full year of retirement, your monthly benefit will be adjusted by the percentage change in the Consumer Price Index, up to a maximum of 3% per year.

Plan 3: You can withdraw your investment contributions and still receive a monthly benefit when you’re eligible to retire if you are vested. Taxes : The law requires DRS withhold 20% federal income tax on all tax-deferred contributions and interest paid directly to you.