Secure your future

November 22, 2012

TRS is still in business

At press time, the Teachers’ Retirement System was operating with limited staff and services because its building at 55 Water St., Manhattan, was closed due to severe flooding from Hurricane Sandy.

November 1, 2012

Plan now for the security of your loved ones

You have worked hard all of your adult life educating the children of New York City — but have you neglected to plan for the security of your loved ones? Have you made appropriate end-of-life plans? You may not realize the value of your assets, nor have thought about how to ensure you get the care you would want should a serious health problem arise. This article will highlight some things you should consider.

October 18, 2012

Tax-deferred annuity program a valuable benefit for members

October is a good month to examine your participation in the Tax-Deferred Annuity program, a valuable benefit for UFT members. As you know, the TDA program is a voluntary, tax-deferred savings program.

September 27, 2012

Medicare, Medicaid and Social Security must have more anniversaries

Medicare, Medicaid and Social Security must have more anniversaries Summertime had two important retirement anniversary celebration dates. July 30 was the 47th birthday of Medicare and Medicaid. Both programs were enacted into law during the Johnson administration in 1965.

Suggestion to new members — and other notes

To those of you who are newly appointed to a position in the school system this fall, congratulations! Regularly appointed personnel are mandated into the Teachers’ Retirement System and will soon see 3 percent deductions from their salary checks. You will, a little later, receive a new member enrollment kit from the retirement system. We will write more about this when they are sent.

September 6, 2012

UFT offers array of pension services

UFT members who take advantage of our union’s pension services are much more knowledgeable. The UFT seeks to keep you informed by supplying an array of services.

June 28, 2012

The state of the nation’s retirement security

Every year, the Employee Benefit Research Institute releases its Retirement Confidence Survey, which provides an overview of the issue nationally. In its 2012 report, the institute found that job insecurity, debt and lack of savings weigh on workers’ confidence about retirement.

June 14, 2012

Changes needed to secure funding for Medicare Part A
Long-range trends in Medicare costs are continually rising. Medicare spending is growing for many of the same reasons that health care spending is growing — high use of services, costly new medical technology and ever-higher prices for providers. Additionally, the aging of the baby-boomer generation is resulting in a rapidly increasing number of individuals eligible to enroll in Medicare.

May 24, 2012

Social Security is not in crisis

The Social Security Board of Trustees on April 23 released its annual report on the financial health of the Social Security Trust Funds as the nation has started to slowly recover from its worst financial crisis since the 1930s. Its figures indicate that nothing immediate or drastic needs to be done to securely fund Social Security.

May 10, 2012

Filing your retirement papers and more

Retirement should not make you nervous! If you have taken advantage of all of the UFT’s retirement- and pension-related services, you will join UFT’s happiest members — retirees.

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