TRS 2011 Comprehensive Annual Financial Report

TEACHER RETIREMENT SYSTEM OF TEXAS COMPREHENSIVE ANNUAL FINANCIAL REPORT 2011
Operating Information
Average Benefit Payments
PENSION TRUST FUND
LAST TEN FISCAL YEARS
Years Credited Service
Retirement Effective Dates 5-10 11-15 16-20 21-25 26-30 30+
9-1-01 to 8-31-02
Average Monthly Benefit * $ 235.62 $ 465.19 $ 948.58 $ 1,446.47 $ 2,210.88 $ 3,032.32
Average Final Average Salary $ 20,405 $ 24,637 $ 31,300 $ 36,564 $ 46,505 $ 53,956
Number of Retirees 1,207 1,252 1,648 3,077 4,982 4,722
9-1-02 to 8-31-03
Average Monthly Benefit * $ 267.23 $ 501.44 $ 969.32 $ 1,476.39 $ 2,222.05 $ 3,044.63
Average Final Average Salary $ 23,438 $26,804 $ 31,814 $ 37,452 $ 46,435 $ 53,748
Number of Retirees 1,504 1,637 2,157 3,790 6,000 5,085
9-1-03 to 8-31-04
Average Monthly Benefit * $ 269.62 $ 482.03 $ 983.69 $ 1,498.10 $ 2,181.65 $ 3,039.38
Average Final Average Salary $ 23,472 $ 26,777 $ 32,463 $ 38,613 $ 46,745 $ 54,523
Number of Retirees 1,795 2,278 3,090 5,670 7,998 6,254
9-1-04 to 8-31-05
Average Monthly Benefit * $ 272.29 $ 534.30 $ 1,058.22 $ 1,602.60 $ 2,333.09 $ 3,268.08
Average Final Average Salary $ 24,774 $ 28,314 $ 35,336 $ 41,197 $ 49,446 $ 58,164
Number of Retirees 1,410 1,227 1,427 2,073 3,174 2,492
9-1-05 to 8-31-06
Average Monthly Benefit * $ 279.86 $ 581.08 $ 1,094.99 $ 1,632.03 $ 2,339.64 $ 3,311.32
Average Final Average Salary $ 25,456 $ 30,647 $ 36,767 $ 42,297 $ 49,650 $ 58,987
Number of Retirees 1,494 1,129 1,578 2,483 3,332 2,701
9-1-06 to 8-31-07
Average Monthly Benefit * $ 309.31 $ 599.69 $ 1,118.68 $ 1,697.33 $ 2,424.40 $ 3,454.36
Average Final Average Salary $ 27,448 $ 31,601 $ 37,444 $ 44,120 $ 51,683 $ 61,103
Number of Retirees 1,575 1,183 1,554 2,626 3,290 2,835
9-1-07 to 8-31-08
Average Monthly Benefit * $ 314.01 $ 619.37 $ 1,149.46 $ 1,756.45 $ 2,534.82 $ 3,507.17
Average Final Average Salary $ 27,891 $ 32,392 $ 38,415 $ 45,578 $ 53,609 $ 61,837
Number of Retirees 1,532 1,282 1,902 2,942 3,754 3,332
9-1-08 to 8-31-09
Average Monthly Benefit * $ 350.03 $ 656.43 $ 1,216.76 $ 1,769.01 $ 2,607.96 $ 3,626.69
Average Final Average Salary $ 29,740 $ 33,084 $ 40,362 $ 45,647 $ 54,736 $ 63,059
Number of Retirees 1,464 1,377 1,917 2,877 3,361 3,229
9-1-09 to 8-31-10
Average Monthly Benefit * $ 362.62 $ 669.56 $ 1,224.03 $ 1,836.62 $ 2,634.63 $ 3,726.76
Average Final Average Salary $ 30,285 $ 34,364 $ 40,460 $ 47,303 $ 55,169 $ 64,233
Number of Retirees 1,676 1,603 2,238 3,517 3,823 4,186
9-1-10 to 8-31-11
Average Monthly Benefit * $ 385.71 $ 711.76 $ 1,266.00 $ 1,870.17 $2,665.53 $ 3,766.87
Average Final Average Salary $ 32,046 $ 35,690 $ 42,073 $ 48,182 $ 55,116 $ 64,929
Number of Retirees 1,737 1,692 2,407 3,852 4,283 5,510
* Average monthly benefits have been reduced for Partial Lump Sum Option payments of $386.4, $427.9, $696.2, $288.1, $313.4, $325.7, $363.7, $348.3,
$385.6 and $524.9 million in fiscal years 2002, 2003, 2004, 2005, 2006, 2007, 2008, 2009, 2010 and 2011 respectively.
138 STATISTICAL SECTION