401(a) Retirement Plan
Teachers' Retirement Systems of Alabama
Website: Teachers' Retirement Systems of Alabama | Phone: 877.517.0020
Nearly all UAH employees are required to participate in Teachers' Retirement Systems of Alabama (TRS) defined-benefit retirement plan. The amount of retirement income for eligible employees is determined by the number of years of participation, the average final salary (using the best three out of the last ten years) and the option chosen by the individual at the time of retirement. Required contributions are made up to the $255,000 annual earnable compensation maximum. The salary cap only applies to employees hired on or after July 1, 1996.
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Tier 1 Member Employed prior to January 1, 2013 |
Tier 2 Member Employed after January 1, 2013 |
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Contribution Rates |
Regular Employees - 7.5% |
Regular Employees - 6% |
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Law Enforcement Officers - 8.5% |
Law Enforcement Officers - 7 |
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Retirement Eligibility |
25 years at any age |
No early retirement option |
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Retirement Factor |
2.0125% |
1.6500% |
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Average Final Salary |
Average of the highest three years out of the last ten years |
Average of the highest five years out of the last ten years |
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Benefit Cap |
None |
80% of Average Final Salary |
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Retirement Contributions on Overtime Pay |
Earnable Compensation cannot exceed 120% of base pay |
Earnable Compensation cannot exceed 125% of base pay |
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Sick Leave Conversion |
Yes |
No |
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Member Handbook |
Retirement Counseling
RSA counselors are available Monday through Friday from 8:00 a.m. – 5:00 p.m. to counsel you by phone and answer questions concerning your account. To schedule an appointment with an indiviudal counselor in Montgomery, please call TRSA or click here for more information.
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