Members who retired between Nov. 1, 2009 and June 30, 2014 have received a lump sum for their retroactive pay raises under our 2014 contract with the Department of Education. The Teachers’ Retirement System is now recalculating the pensions of thousands of UFT members who retired during that time period to ensure that their pensions incorporate these salary raises.

June 2015 marks the 80th birthday of Social Security and the 50th birthday of Medicare. Instead of “Happy Birthday,” the song verse that comes to mind is by the well-known labor troubadour Joe Glazer.

The United Federation of Teachers in March celebrated our 55th anniversary − 55 years since New York City teachers united for their joint welfare and to provide strong support to the children they taught.
One of the many areas in which the union has made a huge difference for members is retirement security.

One of the most important decisions you will make as you prepare for retirement is where to live. Considering that New York City has been called a retirement village, you will probably not be surprised that the vast majority of Teachers’ Retirement System members remain in the metropolitan area after they retire.

The Tax-Deferred Annuity program is a very popular supplemental retirement program plan through which you can save additional money for your retirement on a tax-deferred basis.

The Internal Revenue Service has announced new contribution limits for retirement plans, including 403(b) plans such as the Teachers’ Retirement System’s Tax-Deferred Annuity program.

Members planning on retirement will need to decide whether to receive their maximum monthly retirement allowance or get a reduced allowance with a benefit for dependents or beneficiaries.

UFT members who take advantage of our union’s pension services tend to be very knowledgeable about their retirement benefits.

The Tax-Deferred Annuity program or TDA is one of the most popular benefits that the UFT has won for its members.

A New York Times article attacking the city's public pension systems failed to report the major reason why the city has had to increase its contributions to the pension funds: Wall Street and corporate manipulations of financial markets.