Refreshed TRS/ Annual Benefits Statement will be made available by the end of August 2020 and the mid-year refresh will be available in December 2020.
The employer contributions increased with effect from 1 April 2019 from 14.38% to 20.68%. You were informed that the increase was centrally funded and so not paid directly by you. As a result of this arrangement the increased payments will not be included in any of the total employer annual contribution figures on member TRS/Annual benefit statement this year; however the value of employer contributions has no impact on the standard benefits as quoted within member statements. This includes include those of you that have been invoiced and paid a percentage of the increase.
We are notifying members through the member newsletter and on the website.