January brings the opportunity for change
TRS Plan 3 members can change their contribution rate
If you’re a TRS Plan 3 member, you have the opportunity once a year – between January 1 and January 31 – to change your contribution rate. If you decide to do so, you’ll find the TRS Plan 3 Contribution Rate Change form on the Plan 3 site, under publications and forms. Complete the form and submit it to your employer by January 31.
Eligible Plan 2 members can transfer to Plan 3
The following members are eligible to transfer to Plan 3 during the January window:
- PERS Plan 2 state or higher education employees who established membership before March 1, 2002;
- PERS Plan 2 local government employees who established membership before September 1, 2002; and
- SERS and TRS Plan 2 members hired before July 1, 2007.
To transfer, complete a Member Information form and turn it in to your employer between January 1 and January 31. Remember, the decision to join Plan 3 cannot be changed at a later date.