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Required minimum distributions suspended for 2020

The recent CARES Act legislation has suspended RMDs for 2020 for defined-contribution plans like TRS’ TDA Program.

Medicare Part B and IRMAA reimbursements

Medicare Part B 2019 reimbursements were scheduled to be distributed by the end of April 2020.

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.

UFT: Reelect Brown to TRS board

All UFT members are being urged by the union’s leadership to sign nominating petitions to reelect Tom Brown to his third three-year term as a teacher trustee on the Teachers’ Retirement System board. Brown, the union’s assistant treasurer, was...

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.