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Explore your plan

By deciding to plan and save for your retirement, you’ve made a decision you can feel good about. You've realized that a sound savings plan is key toward helping you achieve a more secure future. But before you do that, it is important to become educated on general financial, investment, and retirement information in order to make informed decisions.

Mandatory programs: Helping you put your future first

Teacher Retirement System of Texas (TRS): All eligible employees will be automatically enrolled in the TRS — a defined benefit plan — on their first day of employment.

Optional Retirement Program (ORP): The ORP — a defined contribution plan — may be chosen by certain employees in lieu of the TRS. Generally, you will be informed of your eligibility to participate in the plan at the time of your initial employment.

There are significant differences between the ORP and the TRS. Please be sure to undertake a comprehensive review of these differences.

Voluntary programs: Additional ways to save

Tax-Sheltered Annuity Program (UTSaver TSA): You can elect to make either pre-tax (traditional) or after-tax (Roth) contributions to the TSA 403(b) plan depending on the contribution strategy that makes sense for you. Contact your benefits office to determine how much you can contribute to the plan or calculate your contribution limit online .

Deferred Compensation Plan (UTSaver DCP): When you retire or otherwise leave employment at the University of Texas System, you can defer any portion of your unused annual leave payment – up to the 457(b) limit – into retirement savings to give your savings another kick.

Learn more about the UT System Retirement Programs .

If you have further questions, contact your Human Resources department.

Be generous to yourself and your future

The sooner you start saving, the better. Once you decide to save for your retirement, you have to determine how much you can start to save in your retirement plan. Saving for retirement costs less than you may think. See how your retirement plan savings rate may impact your take-home pay with our Contribution Planner tool .

Once you decide how much you can save, either a flat dollar amount or a percentage of your wages will be automatically invested in your account each pay period. But before you do that, access information and education on how to select your investments.

Finding the money to save

Save as much as you can, as soon as you can. You can save in little ways- like packing a lunch - or big ways like stashing a bonus, raise or tax refund in your ret irement account. Then, check your progress to your retirement goal with our retirement planner tool.

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Resources for your retirement needs

Online Planning Tools Available

Learn what online tools and apps are available to help you plan.

Annual Contribution Limits (PDF)

Find out how much you could save for your retirement each year.

Social Security Benefits

Learn how to apply for Social Security benefits online.

Understand Your 403(b) Plan (PDF)

Discover the basics of this tax-deferred retirement plan with this helpful Q&A.

Understand Your 457(b) Plan (PDF)

Learn more about this governmental plan for state or local employees.

This material is provided by The Lincoln National Life Insurance Company, Fort Wayne, IN, and, in New York, Lincoln Life & Annuity Company of New York, Syracuse, NY, and their applicable affiliates (collectively referred to as “Lincoln”). This material is intended for general use with the public. Lincoln does not provide investment advice, and this material is not intended to provide investment advice. Lincoln has financial interests that are served by the sale of Lincoln programs, products and services.