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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.
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.
Retirement Plans
Administrative Education Officers and Administrative Education Analysts are eligible for membership in the Teachers’ Retirement System of the City of New York. Employees who are already members of another NYC retirement system may transfer membership...
Pension clinics
The UFT’s pension clinic series is designed for you members who are thinking of retiring in a year or two. It is a mini-course on your retirement benefits. This page lists the dates and locations for the upcoming clinics.
What are the eligibility requirements for taking a TDA loan?
You may be eligible for a TDA loan if you have participated in the TDA Program for at least one year; you are an in-service member, or you are on a leave of absence, or you have TDA Deferral status; you are not in default on an existing TDA loan. You...
What are the investment options for my Tax-Deferred Annuity (TDA)?
The TRS Passport Funds provide six investment offerings: The Fixed Return Fund offers a guaranteed rate of return set by the New York State Legislature. The current 7 percent annual rate is guaranteed in accordance with applicable laws. The...
Do I need to re-enroll in the TDA Program each year?
No. Your contributions automatically continue into the next year. However, you may change your contribution rate on the Teachers' Retirement System website at www.trsnyc.org or by filing a hardcopy TDA Contribution Rate Change Form. BERS members may...