What's going on with TRS?
TRS continues to operate as usual, except that employees are working remotely and in-person counseling sessions have been canceled or replaced with phone or remote video conferences. You can still schedule a retirement counseling session by calling 800-223-8778.
The plunging stock market has undoubtedly hit the pension fund hard, but this fund operates on a long-term basis and has rebounded well from previous economic recessions. Retiree benefits are not in danger at this time.
This week, TRS also released information about health insurance benefits related to the COVID-19 pandemic through ActiveCare, TRS-Care Standard, and TRS-Care Medicare Advantage.