Benefits and Payroll

Health Benefits for Adjuncts

Retirement Benefits

TRS UPDATE

Adjuncts who have taught AT LEAST 7.5 LEH in each the fall and spring semesters have successfully purchased TRS credit for the years that this requirement was met. You need NOT to have been a previous TRS enrollee to take part in this program.
The first step is to print out Form 221:
http://www.trs.state.tx.us/benefits/forms/form_22i.pdf

Once you access the form, you will need to fill out your name, social, address, and answer the first question in section A. Finally, send the form to Chista Shirazi in HR at HBC. Chista's email is cshirazi@austincc.edu and her phone no. is 223-7527.

In addition, we have discovered that adjuncts CAN take money from their ACC retirement (Money Purchase Plan) to buy back TRS years. However, you must have a 30-day break in service in order to do this. The adjuncts who have taken this route simply do not teach during one of the 5.5 week summer sessions. Contact Alisol Martinez for more information. Alisol's email is avaldez1@austincc.edu and her phone no. is 223-7800.

This information is relevant not only to adjuncts who are close to retirement age, but also to those who may have met the requirement for any given year and may thus be eligible to receive a TRS annuity upon retirement. The longer you wait to purchase these years, the more interest you must pay (5% per year). If you are able to purchase each year as you earn it, you will not have to pay any interest at all -- just the 6.4% of your salary that you would have contributed.

Under the TRS plan, you can retire at age 65 with a minimum of five years service credit. You can retire at an earlier age if you have more years of service and meet the rule of 80 (age + # of yrs. service = 80).

Note: Verification of service with TRS is a long process and it takes six months or more to process each individual report. HR is operating on a “first come first serve” basis. Therefore, please be patient and allow your paperwork to be processed without interference.

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