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The Teacher Retirement System of Texas is responsible for investing funds under its stewardship and for delivering benefits to members as authorized by the Texas Legislature. TRS is a defined benefit plan, with retirement benefits determined by a pre-established formula. The trust fund is sustained principally by three sources -- contributions by members during their working careers, contributions by the state and investment revenues. TRS was founded over 80 years ago. With assets at $151 billion, the Trust is the largest public retirement system in Texas in both membership and assets. It is the sixth largest public pension plan in the U.S. and is among the 20th largest in the world. The agency serves more than 1.5 million people. Over 1 million are public and higher education members and over 400,000 are retirement recipients and beneficiaries. As of FY 2017, pension benefits totaling nearly $10 billion were paid to retirees and their beneficiaries.
At EAB, we are making education smarter. We harness the collective power of more than 1,200 educational institutions to generate insights that help education leaders fulfill their mission and enable their students to succeed. Then we work alongside administrators, advisors, faculty, and students through our research forums, technologies, and services to apply and hardwire those insights. We help leaders find and enroll the right students through enrollment marketing and financial aid optimization. We support student success through our student success management system, which helps advisors, faculty, and staff guide students through school and to the post-graduate outcomes they want. And we provide institutions with the strategic guidance and data they need to improve mission-critical outcomes and prepare for tomorrow`s students.
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