TRS 2011 Comprehensive Annual Financial Report

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TEACHER RETIREMENT SYSTEM OF TEXAS COMPREHENSIVE ANNUAL FINANCIAL REPORT 2011 Growth of the System Benefit payments during fiscal year 2011 totaled approximately $7.18 billion, an increase of $556 million from the previous year. As of August 2011, the monthly annuity payroll had grown to approximately $568 million, and TRS was paying benefits to 312,680 recipients. Service recipients include retirees and beneficiaries receiving continuing monthly annuity payments. Disability recipients are disabled members who are receiving continuing monthly disability payments. Survivor recipients are beneficiaries who have elected to receive death benefits in the form of monthly benefits. The number of retiree accounts increased by 16,189 during fiscal year 2011. Of the current TRS member accounts, 847,847 (active contributing and deferred retirement option participants) were employed during fiscal year 2011 and made contributions to the system. The remaining 156,039 members are no longer employed by TRS-covered employers but have maintained their membership in TRS by leaving their contributions with the system. The number of current member accounts decreased by 303 during fiscal year 2011. 158 BENEFITS SECTION
Teacher Retirement System of Texas 1000 Red River Street Austin, Texas 78701-2698 (512) 542-6400 1-800-223-8778 www.trs.state.tx.us
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Teacher Retirement System of Texas
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TEACHER RETIREMENT SYSTEM OF TEXAS
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INTRODUCTORY SECTION
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TRS 2011 Comprehensive Annual Financial Report

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