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TRS explains who may receive retirees' account information and how to authorize others
Summary
A Teachers' Retirement System representative outlined how retirees can authorize others to receive account details, describing three options—a confidential information release, power of attorney and guardianship—and explaining limits on what third parties may do.
A Teachers' Retirement System (TRS) representative said the system provides specific account information only to the retiree and described three formal ways retirees can authorize others to obtain information about their TRS account: a confidential information release authorization, a power of attorney (POA) for property and financial affairs, and court-appointed guardianship.
The TRS representative said that “TRS has a policy of providing specific information about your TRS account only to you.” The presentation, recorded for TRS’s YouTube channel, explained what each authorization allows and how TRS processes the required documents.
Why it matters: Retirees frequently need family members, attorneys or financial advisers to obtain account details such as benefit amounts, beneficiary designations and contact…
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