About Teachers' Retirement System


To promote long-term financial security for our members while proactively maintaining the stability of the system.


The Montana Teachers' Retirement System (TRS) is the trusted partner for retirement services and security. TRS strives to earn the respect of our members, the public education community, and citizens of Montana. We accomplish this by communicating effectively to our constituents, being responsive to their needs, and employing an effective and empowered professional staff and board well-versed in state and national issues impacting our members.

Guiding Principles

To earn the respect and trust of our members, we adhere to the following values:

  • High ethical standards.
  • Honesty, integrity, and impartiality.
  • Dignity, respect, and mutual support.
  • Service excellence.

TRS Board

TRS is governed by a six-member Board appointed for a five-year term by the Governor. Information on Board meetings, members, minutes, and policies can be found on the TRS Board section of the website.

TRS Staff

The TRS staff is organized into five departments: Administrative, Active Members, Benefit Recipients, Accounting, and Information Technology. Please link here for a listing of staff members and departments.


The Montana Teachers' Retirement System was established by state law in 1937 with an initial enrollment of 3,367 members. As of fiscal year 2019, that number had grown to nearly 20,000 active members and over 16,600 retirees and other benefit recipients. For statistics on TRS benefits paid over the last fiscal year, visit our Home page.


The Montana Teachers' Retirement System serves active and retired teachers and educators in the State of Montana. Its primary purpose is to administer their pension plan, which includes (but is not limited to) payment of retirement benefits, collection of member contributions and enrollment of new members.

The TRS is a Defined Benefit Plan qualified under Internal Revenue Code (IRC) 401(a). Membership in TRS is compulsory for all K-12 public educators, except for persons teaching fewer than thirty days in each fiscal year.

An actuarial valuation of the retirement system is performed annually, as of July 1st of each year. The purpose of the valuation is to determine the financial position of the fund, the normal cost, and the unfunded actuarial accrued liability based upon present and prospective assets and liabilities of the system.

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