TRS 2011 Comprehensive Annual Financial Report

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TEACHER RETIREMENT SYSTEM OF TEXAS COMPREHENSIVE ANNUAL FINANCIAL REPORT 2011 Summary of Benefits RETIREE HEALTH COVERAGE The program under the Texas Public School Retired Employees Group Benefits Act, known as TRS-Care, makes available a basic level of health coverage without cost to eligible TRS public school retirees. Eligible retirees and their eligible dependents may pay premiums and participate in one of two plans of more comprehensive benefits and coverage. For information on TRS-Care eligibility, please refer to the TRS website. LONG-TERM CARE INSURANCE PROGRAM Eligible active and retired members, their dependents, and certain other family members may participate in the TRS long-term care insurance program. The plan pays benefits if the participant becomes unable to perform at least two activities of daily living without substantial assistance from another person. The plan also pays benefits as a result of a severe cognitive impairment that requires supervision or verbal direction from another person in order to protect the member or others from serious injury. 156 BENEFITS SECTION
TEACHER RETIREMENT SYSTEM OF TEXAS COMPREHENSIVE ANNUAL FINANCIAL REPORT 2011 Average Monthly Benefit * Before adjustment for the Partial Lump Sum Option, average original benefits were $1,755, $1,982, $2,298 and $2,440 for fiscal years 2000, 2005, 2010 and 2011, respectively. ** For each of the retirement years shown, number of service retirees currently receiving benefits. BENEFITS SECTION 157
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TRS 2011 Comprehensive Annual Financial Report

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