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.
The State Teachersâ Retirement System (TRS) was. established on July 1, 1941 for the purpose of providing. retirement benefits for teachers and school service. personnel. TRS is a deï¬ ned beneï¬ t plan that currently. has approximately 35,593 active members and 33,007.