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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...
Planning to retire in June?
We outline the steps you need to take if you're planning to retire in June and give you a schedule of remote pension clinics, presented by UFT special pension representatives, tailored to your tier.
Labors of Hercules, UFT-style
There was no service interruption in the UFT Pension Department as employees, working remotely for the first time, handled an influx of retirement queries.
Build nest egg with tax-deferred annuity
The Teachers’ Retirement System’s Tax-Deferred Annuity Program is an excellent way for eligible UFT members to save money for retirement to supplement their defined-benefit pension. If you’re not already enrolled, start building your nest egg now.
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.