Overview. 1  This IRM provides definitions for terms and acronyms used in Revenue Financial Management (RFM). 2  The Office of Revenue Reporting, Revenue Financial Management (IFM), under the Chief Financial Officer (CFO), develops and maintains this IRM.
To calculate your TRS retirement benefits, use the following formula: 1  Multiply your years of service credit by 2.3 percent. 2  Determine the average of your five highest years of salary.*. 3  Multiply your average salary (from step 2) by the number from step  1.
Full Retirement Age Chart. The second chart (above) shows what your full retirement age is, according to your year of birth. Full retirement age is 67 for people born in 1960 or later. Also, Congress can change these rules at any time, so it is a good idea to check the social security website every few years if you are not near retirement age now.