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The entrance to the T.R.S. Building on Red River Street in Austin. Teacher Retirement System of Texas (TRS) is a public pension plan of the State of Texas.Established in 1937, TRS provides retirement and related benefits for those employed by the public schools, colleges, and universities supported by the State of Texas and manages a $180 billion trust fund established to finance member benefits.
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TRS members fall into the following categories: active, inactive, annuitant, and beneficiary. Active members are full-time, part-time, and substitute Illinois public school personnel employed outside the city of Chicago in positions requiring licensure by the Illinois State Board of Education.
The TRS is governed by a 15-member Board of Trustees composed of 10 appointed members, four ex officio members, and one non-voting member. The Governor of Oklahoma appoints six members to the Board and the Speaker of the State House of Representatives and the President Pro Tempore of the State Senate each appoint two members to the Board.