The Teachers' Retirement System (TRS) - 401 (a)
The Retirement Systems of Alabama—401(a)
Organization: Teachers’ Retirement System (TRS)
All eligible employees are required by state law to contribute to TRS (certain members will be subject to the Annual Compensation Limit). This defined benefit program provides retired employees with a specific benefit payable monthly for the lifetime of the member. In addition to the employee contribution, the University contributes a percentage which is determined by the Alabama Legislature.