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Update on DOE and TRS data breach

The DOE recently notified the approximately 130,000 in-service UFT members and 36,000 former employees whose confidential information might have been exposed in a large data breach in June.

Your financial well-being

Because you are a UFT member, you are well on your way to long-term financial well-being. That’s because when you retire, you will have a defined-benefit pension, as rare today as it is valuable.

Welcome to the pension system

As members of the UFT, you are entitled to a benefit that is becoming as rare as it is important — a traditional defined-benefit pension plan, the gold standard of retirement plans, which guarantees a lifetime annuity of regular payments based on...

TRS to divest Russian holdings

The trustees of the New York City Teachers’ Retirement System voted on March 7 to divest its holdings in Russian securities in protest of the war against Ukraine launched by Vladimir Putin. “We have to stand up for justice,” said UFT President...

Your retirement timeline

Whether you are a new member, in mid-career or close to retirement, there are steps you can take to learn about your pension benefits and stay on track as you progress down the road to a financially secure retirement.

Designating your beneficiaries

You possess a valuable financial asset from participating in a defined-benefit pension system and saving money in a tax-deferred annuity. That’s why it’s important to designate beneficiaries, keep your beneficiary designations current after life...

Automatic TRS pensions won for full-time paras

Decades of UFT advocacy bore fruit for the union’s paraprofessionals on Oct. 29 as a newly enacted state law guaranteed all UFT-represented full-time paraprofessionals — on the job now and in the future — will automatically become members of the...

How much will be deducted from my pension for union dues once I retire?

Dues are .004 of retirement allowance for members who retired after July 1, 1984. Members who retired before July 1, 1984 and after July 1, 1970 pay $36 annually. Members who retired prior to July 1, 1970 pay $18 annually.

What is a deferred pay date?

A deferred pay date is only applicable if you have yet to meet the age of retirement and will be collecting your pension at a later time.

Pension options to consider

Experiencing a pandemic can be life-changing, especially for essential workers like UFT members who face its challenges every day. Sometimes that kind of experience makes people reevaluate their lives and their goals. They move, they reconnect with...