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.
What New & Active Members Need to Know. As a new TRS member, once you have earned five years of credit with TRS, you are vested and can receive a lifetime retirement benefit when you become age eligible. In most cases, the retirement benefits paid to TRS members greatly exceed the funds they contribute to the System while working.