- The TRS Comprehensive Annual Financial Report (CAFR) and GASB 67 report for FY2017 are available for review on the Annual Reports page.
The TRS Mission
Our mission is to promote long-term financial security for our members while maintaining the stability of the fund.
The most common sources of income for retirees in the U.S. are Social Security and personal savings (including investments). TRS members have the added security of a defined benefit pension plan in which the monthly benefit amount is based on both their years of service and their average final compensation. Defined benefits are guaranteed for the member's lifetime.
All TRS members contribute a percentage of their earned income as a share of the funding for their retirement, disability, and death benefits. TRS employers also contribute a share based on their employees' total earned income. The employer contributions go into a statewide pool and those pooled funds are invested by the Montana Board of Investments to provide long-term funding for TRS benefits.
Montana's public pensions are sound
An Op-Ed appearing in some Montana newspapers in February 2018 implied Montana's public pensions are in financial trouble. This couldn't be further from the truth. Read the joint response from the executive directors of TRS and PERS here.
Public pensions contribute to our state and local economy
For fiscal year 2017, TRS paid more than $277 million to 12,000+ retired members living in Montana's 56 counties. These dollars flow back into your local communities.
Click the map for more information about benefits paid to recipients across the U.S. and around the world.