Methodology: Unlike standardly available Census demographics, NeighborhoodScout uses dozens of custom models to transform 8.5 million raw demographic data elements from government sources into proprietary indices and insightsâ¦.
Benefit Payments and Direct Deposit. When your pension begins, you receive a benefit payment each month (unless you receive a mandatory cash-out payment or you have elected a voluntary cash-out of your benefit). You can elect payment by mail or through electronic direct deposit. We encourage benefit recipients to sign up for direct deposit.
The TRS pension is a defined benefit plan: the eventual benefit is based on a memberâs salary and years of service, not how much the participant has contributed. In a 403(b) plan, employees set aside money for retirement on a pre-tax basis through a salary reduction agreement with their employer.