Preparing for Retirement


Retirement planning requires an understanding of the retirement system and the different benefit options. We encourage you to begin planning for retirement three to five years before you anticipate terminating all TRS employment. Take time to become informed regarding all the choices you will need to make, and the implications of these choices, before you formally apply for your retirement benefits. You should be familiar with the following information before you set your date for retirement.


TRS Retirement Preparation Workshops

You can learn a lot more about the retirement process by attending TRS's Ready, Set, Retire workshop. Workshops are conducted by our experienced TRS Benefits staff. Workshops are offered each fall in various communities around Montana.

Click here to view the schedule of upcoming Ready, Set, Retire workshops and to download the presentation.


Annual Statement of Account

In the fall of each year, you will receive an Annual Statement of Account that provides information on your accumulated contributions, accumulated interest, and total amount in your account. The statement also provides information on your accumulated creditable service for the fiscal year ending on June 30.

If you have an online account, you can access your most recent annual statement from the My TRS online account system.

Click here to log in to My TRS or create a My TRS online account.


Estimate of Benefits

TRS provides an estimate of benefits as a service to our members. If you have an online account, you can obtain an unofficial estimate of benefits from the My TRS online account system.

Click here to log in to My TRS or create a My TRS online account.

If you would like TRS to provide an offical Estimate of Benefits for you, please call our office at (406) 444-3134. For an official estimate of your benefits, we will calculate your estimated benefit amount under all the available retirement benefit options, as well the three termination pay options.

Any member—full time, part time, or hourly—may contact TRS to request an estimate of benefits. Our staff can either mail the Request for an Estimate of Benefits Form 112 to the member, or the member can print Form 112 and mail it to the TRS office:

    • Montana Teachers' Retirement
    • P.O. Box 200139
    • Helena, MT, 59620-0139

Purchase of Service

If you are eligible and planning to purchase service (please review Fact Sheet #8 Creditable Service and Service Purchases for detailed information), you should contact our office as early in your career as possible. The purchase of service process must be completed before TRS processes your application for retirement. Be sure to allow adequate time to consider the payment options for purchasing service. Click here to view an overview chart of the types of service available for purchase.

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