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Retirement Overview

 

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As an employee of Dallas County Community College, individuals participate in a qualified retirement plan.  Dallas County Community College does not participate with Social Security.  See overview of retirement plans below.

Teachers Retirement System of Texas (TRS)

 

All non-contracted employees (full-time professional Support Staff) contributes 6.7 percent of gross earnings; State contributes 6.8 percent effective 9/1/2014.

TRS provides retirement benefits based on length of service and salary level after a minimum of ten years of service (vesting occurs after 5 years of service) and employee deduction is pre-taxed.  TRS members must meet the guidelines under the Rule of 80 for retirement which is a combination of age and service credit totaling 80.  See TRS Vesting and Retirement Guidelines.

 
      

Optional Retirement Program (ORP)

All full-time contracted employees (full-time Faculty and Administrators) have a choice of participating with TRS or Optional Retirement Program (ORP).  An employee is eligible after 90 calendar days of active employment.

If hired by 8/31/95, Employee contributes 6.65 percent of gross pre-taxed earnings; State and District contributes 8.5 percent.

Effective 9/1/95, Employee contributes 6.65 percent of gross pre-taxed earnings; State contributes 6.58 percent and deduction is pre-taxed.

Effective 9/13/2013, Employees contribute 6.65 percent of gross pre-taxed earnings; State contributes 6.6 percent and duction is pre-taxed.

Portable retirement plan based on the contribution rate. Benefits are determined by years of serve and earnings. Vesting occurs after one year and one day.  See ORP Vesting and Retirement Guidelines.

 

Part-time Employment Retirement

Part-time faculty members and part-time professional support staff guidelines.
   

Tax Shelter Annuity

Employee may divert a portion of salary to an annuity fund.  The amount is limited by the IRS.  Benefit is determined by the growth of the annuity fund and taxable upon withdrawal.
    
After Retirement
Steps to Retire

 

 

Can't find what you're looking for? Please contact George Lawson (x1507) with your questions and concerns.