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UFT pension services
The UFT Pension Department offers an array of services to inform members of their retirement benefits and help them prepare for retirement.
In sickness and in death
It’s always a good idea to speak with your family about what to do in the event of a debilitating illness or death. Here is a list of topics to discuss with your family and the legal documents you should have. Let trusted family members know where...
Your TDA options at retirement
When you retire, you have three choices for handling your money in your Tax-Deferred Annuity: 1) Defer; 2) Convert your TDA into a monthly annuity; or 3) Withdraw all the funds. Most TRS and BERS members elect TDA deferral status.
Your pension options
As a member of TRS or BERS, you have options for the distribution of your retirement allowance under the Qualified Pension Plan. As with other major financial decisions, the choice depends on your situation and your finances at retirement.
History of the UFT pension plan
New pension plan tiers come into existence when the state Legislature enacts new laws that change benefits, contribution rates and service requirements. But a pension tier is never set in amber. Over the past 40 years, legislative amendments to each...
It’s a good time to review your pension
The start of a new school year is a good opportunity to review the basics of membership in the Teachers’ Retirement System or the Board of Education Retirement System.
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.
The importance of service credit
A key factor in calculating your retirement allowance under the Qualified Pension Plan (QPP) is your Total Service Credit. It helps to determine whether you’re eligible to retire and the amount you’ll receive when you do.
3 reasons to love our pensions
As UFT members employed by the city Department of Education, it is important to understand the crucial role pension plans play in attracting and retaining talented educators and other school staff and ensuring financial security in retirement.
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.