Page 18 - 000 Complete EBook - 403(b) & 457(b) Test 12202017 1

Your Pension Plan and Overview

ATRS - Arkansas Teacher Retirement System

If you are a full time employee, you participate in Arkansas Teacher Retirement (ATRS) a public pension
plan. Arkansas Teacher Retirement is an excellently maintained pension plan and is classified as a
defined benefit plan. Defined Benefit Plans are retirement plans where benefits at retirement are
calculated by using a financial formula to determine the amount of retirement income you will get when
you retire. For ATRS, the formula is based on an average of your highest three years’ salary, multiplied
times your number of years of service, times a multiplier for either contributory years where you made a
contribution and non-contributory years when you made no contribution to your plan. Each category is
calculated separately then added together for your final amount should you have been both contributory
and non-contributory in your career. The current contribution as a contributory member is 6% of income
on a pre-tax basis. Your district currently contributes 14% of your income to your pension plan. For more
details on ATRS go to https://www.artrs.gov/. Example on following page.

WE HIGHLY RECOMMEND YOU VISIT WWW.ARTRS.GOV FOR MORE INFORMATION
REGARDING YOUR PENSION PLAN AND IT'S BENEFITS.

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