All members considering retirement within the next 18 months are encouraged to attend a retirement benefit workshop. There you can receive information to help you budget for retirement, a personalized benefit estimate, an explanation of retirement options, step-by-step instructions for completing a retirement application, information on working after retirement, and answers to your retirement questions.
To register for a workshop, go to the Workshops page and click "Teachers' Retirement Fund registration" to complete the online registration form. You can also call us at (888) 286-3544.
The Retirement Application is available here.
If you do not wish to fill out a hard copy of the Retirement Application, the whole process may be completed online by logging in to TRF Interactive.
Your benefit accrual date is generally your last day at work. You will receive a prorated payment for that month. Your retirement date is the first of the month following your benefit accrual date or any future month requested in writing by the member. For example, if your last day of work is May 15, your retirement date would be June 1. Benefits are paid one month in arrears.
Snow days may cause problems for retiring teachers. Teachers are paid for these days when they occur, but they must be made up at a later date. These make-up days may force some teachers to work past their planned retirement date.
Separation of service means you are no longer “physically” performing work in the classroom. If you plan to retire June 1, but snow make-up days cause you to work June 1 or later, you are physically performing work in the classroom and are not eligible to retire until July 1.
Your first benefit payment would then fall in July. It would include a prorated payment back to the last day you were physically in the classroom.
When a completed Application for Retirement Benefits is received, contains all the necessary information and supporting documentation, and the member’s retirement date is at hand, TRF processes a monthly pension benefit check for the monthly pension benefit amount. Any ASA contributions totaling $1,000 or less received after the final date on which a member’s retirement benefit is processed may be paid directly to the member in a lump sum.
A member may elect to have federal and/or Indiana state, as well as county, taxes withheld from his or her monthly pension benefit payments. Additionally, if the member elects to participate in the TRF-sponsored supplemental group health insurance, the member’s premiums will be deducted from the monthly pension benefit payments.
Cost of living adjustments (COLAs) are an adjustment to the member’s monthly pension benefit payment (does not include annuitized ASA). COLAs are not automatic in Indiana; the General Assembly must pass legislation granting a COLA. When such legislation has been passed, it generally applies a graduated percentage increase that is greater for those who have been retired longer. TRF adds all COLAs to the monthly pension benefit payments as directed by the legislation.
COLAs are not guaranteed annually. They are voted on each year and approved by the Indiana General Assembly.