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TRS / Annual Benefits Statements refresh

TRS and Annual Benefits Statement will be made available by the end of August 2021 and the mid-year refresh will be available in December 2021.

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 and Annual Benefit Statements this year. However, the value of employer contributions has no impact on the standard benefits as quoted within member statements. This includes those of you that have been invoiced and paid a percentage of the increase.

We will let you know when the statements are available.