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What are the qualifying appointment dates for the pension tiers?

Tier I — those who joined TRS before July 1, 1973. Tier II — those who joined TRS after June 30, 1973 and before July 27, 1976 Tier III — those who joined TRS after July 26, 1976 and before September 1, 1983 All Tier III members may retire under Tier...

How much of a pension will I receive?

Your pension is based on a complex formula that includes such factors as your date of appointment, your years of service, your age at retirement and your final average salary. You are entitled to an individual preliminary pension consultation any...

Article Three — Salaries and Benefits of Day School Teachers

Salaries and Differentials back to top The salaries and differentials of day school teachers and the eligibility requirements therefor are set forth in pertinent part in Appendix A which is attached to and made a part of this Agreement Staff...

Article Five — Licensure, Assignments and Appointment

Substitute Teacher Position back to top It is the policy of the Board to provide for the gradual elimination of the position of substitute teacher in the following manner: No examination for substitute teacher of common branches will be conducted at...

If I leave the school system before I am eligible to retire, will I get my contributions back?

If you resign and want to withdraw your pension funds, including the interest earned, you may be able to do so, depending on how long you worked and contributed. However, there may be several other choices available to you. You may be able to...

How may I enroll in the TDA Program?

If you have a username and password on the TRS website at www.trsnyc.org, you can enroll in the TDA Program online at any time. You may also file a paper TDA Enrollment Form, available by calling TRS at 888-8NYCTRS. When you enroll in the TDA Program...

Do I need to re-enroll in the TDA Program each year?

No. Your contributions automatically continue into the next year. However, you may change your contribution rate on the Teachers' Retirement System website at www.trsnyc.org or by filing a hardcopy TDA Contribution Rate Change Form. BERS members may...

What are the investment options for my Tax-Deferred Annuity (TDA)?

The TRS Passport Funds provide six investment offerings: The Fixed Return Fund offers a guaranteed rate of return set by the New York State Legislature. The current 7 percent annual rate is guaranteed in accordance with applicable laws. The...

What are the eligibility requirements for taking a pension loan?

You may be eligible for a loan from your pension fund account (Qualified Pension Plan or QPP) if: you are either an in-service member or on a leave of absence, you are not in default on an existing pension loan. as a Tier I or II member, you have at...

What are the eligibility requirements for taking a TDA loan?

You may be eligible for a TDA loan if you have participated in the TDA Program for at least one year; you are an in-service member, or you are on a leave of absence, or you have TDA Deferral status; you are not in default on an existing TDA loan. You...