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.
How to Calculate Your TRS Benefits. The following was included in TCTA's 2016-17 Survival Guide, the ultimate reference tool for Texas educators, and is current as of September 2016 but is subject to change. To calculate your TRS retirement benefits, use the following formula: Multiply your years of service credit by 2.3 percent.