Overview. 1  This IRM provides definitions for terms and acronyms used in Revenue Financial Management (RFM). 2  The Office of Revenue Reporting, Revenue Financial Management (IFM), under the Chief Financial Officer (CFO), develops and maintains this IRM.
To calculate your TRS retirement benefits, use the following formula: 1  Multiply your years of service credit by 2.3 percent. 2  Determine the average of your five highest years of salary.*. 3  Multiply your average salary (from step 2) by the number from step  1.
TRS provides refunds within 4-12 weeks of receipt of the TRS 6. Refunds will be mailed directly to you by TRS (Teacher Retirement System). If 6 months or more have passed since your last employment, the form can be sent directly to TRS at the address show at the top of the form. Please note that taxes are withheld from the refund.