- EMPLOYERS: GASB 68 disclosure reports for FY2017 are available HERE.
- And: For quick access to FY2018 contribution rates, click on "Rate & Salary Charts" in the Popular Links panel.
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.
Public pensions also directly benefit the state and local economy. For fiscal year 2016, TRS paid more than $266 million to nearly 12,000 retired members residing in Montana's 56 counties. These dollars flow back into local communities. For more details about benefits paid to recipients in Montana and elsewhere, click on the map.