How can I opt out of Texas TRS?

Discussion in 'New Teachers' started by Corboman, Jul 16, 2017 at 4:06 PM.

  1. Corboman

    Corboman New Member

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    Jul 16, 2017 at 4:06 PM

    I'm about to start my first year teaching highschool science. Kind of a career change, I have been in the military, and had jobs, payed into social security, as well as my own retirement, I am in my mid 30's. I just looked at a TRS calculator and holy moly! If I'm not mistaken, they want 16,000 if you gross 52,000. That alone would reduce your net take home to 36,000.... I kinda don't want to have anything to do with this TRS, and I'd like to just use 403b. Please tell me there is a way to opt out. I haven't signed a contract yet.
     
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  3. teacherintexas

    teacherintexas Phenom

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    Jul 16, 2017 at 6:27 PM

    I don't think you can. You can't get social security and TRS, so maybe there is a loophole somewhere. I haven't found it though.
     
  4. Luv2TeachInTX

    Luv2TeachInTX Comrade

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    Jul 16, 2017 at 8:01 PM

    It's not that much. I think the deduction is a little more than 7% a paycheck. It is all yours to withdraw if you ever leave the system.
     

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