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.
Table 2.3 provides information on the median movement of the Total Remuneration Package (TRP) at each classification by agency. Agency TRP is used rather than Base Salary or Total Reward, as it covers the two most significant elements of APS remuneration: Base Salary and the employer superannuation contribution. For a calculation to be made, an agency must have employees substantively at a classification level in both 2012 and 2013. As a result, the number of agencies for each classification will vary. Table 2.3 shows the agency TRP median movement from 2012 to 2013 tended to be in the range of 2 and 4%. This is lower than the 2011Â­ to 2012 agency TRP median movement which was in the â4 and less than 6%â range.