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Automatic COLA increase
In 2000, after several frustrating years, the UFT, NYSUT and the rest of the state’s labor movement convinced New York State to provide an annual, permanent cost-of-living adjustment (COLA) to retiree pensions.
Tom Brown re-elected to TRS board
Tom Brown, the UFT’s assistant treasurer, was re-elected last spring as a trustee on the Teachers’ Retirement System board and will serve a new three-year term.
In uncertain times, count on a defined-benefit pension
While the opening of school this fall has been surrounded by uncertainty, one thing you can count on is your defined-benefit pension, thanks to the Teachers’ Retirement System and the UFT.
CARES Act allows easier access to retirement funds
The Coronavirus Aid, Relief and Economic Security Act passed by Congress in early April allows easier access to retirement funds for those U.S. residents still working but in financial need.
Pandemic and your pension
The coronavirus pandemic has had a serious impact on financial markets around the world. Many U.S. families have lost savings.
Demystifying terminology
Members of the city’s Teachers’ Retirement System receive many TRS communications and have access to TRS publications that may include unfamiliar words and phrases. This column defines some of those.
Pension benefits in a nutshell
With the start of a new school year, we know you’re busy with new students. But while you’re busy thinking about others, the start of the school year is also an excellent time to think about securing your own future.
Filing for retirement, step by step
It's the time of year when many TRS members are thinking about retirement. If you are considering this major step when the school year ends, here are some things to think about or do.
Chicago musicians stop the music over contract
About 100 musicians in the Chicago Symphony Orchestra have traded their instruments for picket signs, striking to demand a contract that protects their pension plan and provides fair wages.