What Type Of Retirement Plan Is TRS?

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   Steve Savant

   Syndicated Financial Columnist, Host of the weekly talk show Steve Savant's Money, the Name of the Game, Scottsdale Arizona

   The Teachers Retirement System (TRS) is a retirement plan for teachers by state, i.e. each state has their own plan with specific provisions and benefits. But it's basically a defined contribution plan, generally through payroll deductions, so the contributions are pretax and accumulate tax deferred until retirement where distributions are taxed as ordinary income.

   Answered on September 5, 2013

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