Your Retiree Annual Statement
The Statement of Retiree Benefit Account is a summary for retirees that is sent annually and modeled after the annual statements that active members have received for decades.
Review this statement, and keep it with your other TRS documents.
The retiree account statement summarizes your information on file with TRS. It shows your annuity benefits; tax withholding; direct deposit information; retiree health insurance; and your account’s beneficiaries and legal contact information. Also, the summary indicates how to update contact information and life insurance beneficiaries.
The information on the statement does not change any benefits or benefit structure – it’s an informational statement. It is an important document, but it is not a tax record. For taxes, use the IRS Form 1099-R, which was mailed in late January.
If you have questions, contact TRS at 800-618-1687.
In response to some questions, tax withholding on page 2 does not display the total amount being withheld currently. It is a summary presentation of what is being withheld. For more detailed information and your total current monthly withholding, refer to Pathway. Withholding also is shown on your January deposit stub.
Also, on the retiree annual statements for many retirees who retired before 2009, the life insurance beneficiary and possibly the retired account beneficiary lines on the statement are blank. This is because those designations weren’t always recorded electronically. If you made a designation before then, the designation remains valid even though it is not shown. No action is required.