Planning to Retire?
If you are planning to retire, we want to help make the process as simple for you as possible. The Benefits staff can assist you with eligibility requirements, Teacher Retirement System (TRS) annuity payment options, annuity calculations for TRS members, required retirement forms completion, retiree insurance enrollment, and guidance on the steps to retirement. Optional Retirement Plan (ORP) participants should schedule a meeting with their ORP representative to discuss financial options prior to meeting with Benefits personnel. To schedule a retirement meeting please contact the Benefits staff at HRBenefits@untsystem.edu.
Teacher Retirement System (TRS)
Coverage in a retirement plan is mandatory for all regular faculty and staff working 20 hours or more per week. The Teacher Retirement System is designed and administered by the Teacher Retirement System of Texas for its employees in public education.
Optional Retirement Program (ORP)
ORP is available to eligible full-time faculty and to certain eligible full-time non-classified personnel in lieu of the Teacher Retirement System program. The Texas Higher Education Coordinating Board has prepared a document for employees eligible to elect ORP: An Overview of TRS and ORP.
Texa$aver 457 Program
The Texa$aver 457 program is available to all employees. Texa$aver is a voluntary retirement savings program offered through the Employees Retirement System of Texas and administered by Great West. Please visit for more information. Texa$aver program.
Retirement Plan Limitations for 2012
For those participating in 403(b) or 457(b) contracts, the following limitations apply:
- The general limit on 403(b) accounts is $17,000.
- The catch-up limit on 403(b) accounts for individuals over the age of 50 is $5,500.
- The general limit on 457(b) accounts is $17,000.
- The catch-up limit on 457(b) accounts for individuals over the age of 50 is $5,500.
- The aggregate limit on ORP accounts is $50,000.
Retirement Manager is a convenient, secure, web-based access point from which you can manage your retirement plan accounts anytime and anywhere, virtually 24 hours a day, seven days a week.
Retirement Manager offers resources to help you plan for your financial future. This secured web-site allows you to review your retirement savings and helps you project how much you may need to save for retirement.
You can use Retirement Manager to:
- Learn about your University of North Texas System retirement savings plans
- Enroll online
- Change your deferral amount
- View aggregate balance information across investment providers
- Request a Distribution Eligibility Certificate for the following transactions:
- Hardship Distribution
- In-Service Exchange
- Severance of Employment Distribution
- Read Financial Education articles on a range of topics about financial planning
- Calculate what you will need to stay on track for retirement with easy-to-use financial calculators
Universal Availability Notice
All employees who are not student employees are eligible to contribute to a tax-sheltered annuity, or additional retirement savings account, in addition to their regular retirement program.
You can open a TSA with as little as $20 a month and you can contribute up to the general limit ($17,000 for 2012), or 100 percent of your salary, whichever is less. If you are over the age of 50, you can contribute more and you may be able to contribute more if you have worked for UNT for 15 years or more.
You can start or stop your account or change the amount of your contribution at any time during the year. You can change the company your contributions are going to up to twice a year.
Need help getting started? Check out the "How to..." reference sheets.
- How to Enroll/Make Changes in Retirement Manager
- How to Request a Loan Certificate
- How to Submit an In-Service Distribution Request
- How to Request a Hardship Distribution Certificate
- How to Request a Severance from Employment Certificate
- How to Use “Am I on Target?”