Retirement
All regular employees are required to enroll in the Teacher Retirement System (TRS) unless he or she qualifies for and elects to participate in the Optional Retirement Program (ORP).
| Contributor | TRS | ORP |
|---|---|---|
| Member | 8.25% of annual salary | 6.65% of annual salary |
| University | 8.25% of member's annual salary | 6.6% of member's annual salary |
Voluntary Retirement Plans
All employees are eligible to participate in any of the Voluntary Plans currently available through Texas A&M University System:
- Tax-Deferred Account Program (TDA)
- Texa$aver Deferred Compensation Plan (DCP)
These plans allow employees to reduce their federal income taxes while saving additional money for the future. Employee participation is voluntary and contributions are made from the employee’s salary.