TRS Logo
News

This section provides information about the latest TRS news and events. To receive regular updates, follow us on Facebook @myTRSNYC, Twitter @myTRSNYC, Instagram @TRSNYC, and subscribe to our YouTube channel @TRSNYC.

Calendars


See important deadlines and holiday closings, scheduled dates for pension payments, and a calendar of Teachers' Retirement Board meetings.

Read More

Headlines


October 2019 Unit Values Available [posted 10/15/19]

The October unit values for the variable-return Passport Funds are now available. Unit values are based on each portfolio's closing market value as of the end of the preceding month.

Information on New Passport Funds [updated 10/10/19]

As of January 1, 2020, TRS will introduce two new options in our family of investment choices known as the Passport Funds. We have posted fact sheets about both of these funds: the U.S. Equity Index Fund and the International Equity Index Fund. Please note that the fact sheet for the International Equity Index Fund has been updated to replace incorrect performance data included in the original fact sheet (which was dated 7/19).

Watch Upcoming Board Meetings Online [updated 10/3/19]

The next regular Board Meeting will be held on Wednesday, October 30, 2019. The next Investment Meeting of the Teachers' Retirement Board will be held on Thursday, November 7, 2019. Meetings are streamed live on TRS' website and are normally available for on-demand viewing within two business days.

1.0% COLA Takes Effect with September's Retirement Payments [posted 9/30/19]

This year's annual cost-of-living adjustment (COLA) for eligible retirees will be 1.0%, effective with the September 2019 retirement allowance payments. This adjustment is calculated on the lesser of the retiree's maximum fixed retirement allowance or $18,000.

The COLA is provided to service retirees who are at least age 62 and have been retired for at least 5 years, service retirees who are at least age 55 and have been retired for at least 10 years, and certain disability retirees and surviving spouses.

Change in Name, Manager for Socially Responsive Equity Fund [posted 9/24/19]

The Socially Responsive Equity Fund, one of TRS' family of investment choices known as the Passport Funds, will be renamed the Sustainable Equity Fund effective October 1, 2019. The name change reflects a change in the underlying manager and strategy of this Fund. For more information, please read the fund fact sheet.

Account Statements as of August 31 Now Available [posted 9/20/19]

Monthly Account Statements as of August 31, 2019 are now available through the secure section of our website.

In-service members can access their account balances, loan information, and investment elections. Members with TDA Deferral status can access their TDA account balances, investment elections, and loan and RMD information.

Welcome, New Members! [posted 9/18/19]

TRS has updated the video for our new members. The video provides basics about membership in TRS. Watch on our site or on YouTube and share it with a friend. Don’t forget to subscribe to our channel at @trsnyc.

Important News for UFT Members Receiving Retroactive Payments [posted 9/3/19]

The Department of Education is scheduled to make a retroactive payment to eligible UFT members on October 15. For participants in TRS' Tax-Deferred Annuity (TDA) Program, this payment is an opportunity to make a "painless" one-time deposit into your TDA account.

If you want to increase your TDA contribution rate in advance of the retroactive payment, here are the dates to remember:

  • 9/1-9/15: Go online to increase your rate
  • 9/16 or later: Go online to change your rate back

Changing your TDA contribution rate online is easy! Log in to the secure section of our website, choose TDA in the main menu bar, and then use the Change Rate feature. We have videos to help you log in, and our TDA Program Summary explains the rules of participation.

Updated Publication for CUNY Employees Is Available [posted 8/30/19]

We have posted the 2019-2020 edition of the TRS Membership for CUNY Employees brochure. It contains handy information about TRS benefits and resources for new CUNY employees. Since many CUNY employees can choose between TRS or TIAA for their retirement plan provider, the brochure also includes a side-by-side comparison of both retirement programs.

Reminder of Filing Deadline for World Trade Center Law [updated 8/13/19]

Qualifying members who worked in the World Trade Center Rescue, Recovery, or Cleanup Operations between September 11, 2001 and September 12, 2002 may file a Notice of Participation (code DI40) with TRS. Beneficiaries of qualifying members who died without having filed this form may file the beneficiary version of the Notice of Participation (code DI40b). TRS must receive the Notice of Participation and, if applicable, an Authorization for Release of Health-Related Information (code DI47) by September 11, 2022.

Please see the World Trade Center Presumptive Disability and Death Benefit Laws information sheet for a list of qualifying conditions or impairments of health and other important information.

Latest Quarterly Statements Are Online [posted 8/7/19]

Account statements for the period ending June 30, 2019 are now available for online viewing in the secure section of our website.

The Quarterly Account Statement (QAS), for in-service members and certain members on leave, summarizes account information for members' Qualified Pension Plan and, if applicable, Tax-Deferred Annuity Program accounts.

The TDA Quarterly Statement, for members with TDA Deferral status, summarizes TDA account information for members who are maintaining a TDA account after retirement (or, in some cases, resignation).

Printed statements have been mailed to members' home addresses. If you currently receive your quarterly statements in the mail, consider opting out of the mailing and viewing the statement online instead. To change your mailing preference, select My Profile after logging in to the secure section of our website. To ensure that you receive emails from TRS, please add noreply@trs.nyc.ny.us to your address book.

Introducing Online Payment Options [posted 5/6/19]

TRS is pleased to introduce online options for many common payments to TRS. Members who are paying for a service deficit, purchasing credit for optional service, making a loan payment, or paying off a loan balance can now enjoy the convenience of online payment options. Other payment types will be added in the future.

Members can choose to pay by "e-check" from a bank account, or by debit or credit card. (An additional fee is applied to credit and debit card payments.) When you log into the secure section of our website, you can visit the new "Online Payments" section to see if there is any payment that you can make online.