Account information as of  August 31, 2025 is now available in the secure section of our website. In-service members can log in to see their latest account balances, plus loan information and investment elections. Retirees with a TDA account can view their latest TDA account balances, plus investment elections, loans, and RMD information.

 

The next regular Board Meeting of the Teachers' Retirement Board will be held on Thursday, October 16, 2025. The next Investment Meeting will be held on Thursday, October 16, 2025. Normally, meetings are streamed live on TRS' website and are available for on-demand viewing within two business days.

Welcome to a new school year! TRS is offering a new season of online educational programs! Are you a new member to TRS? Do you want to learn about TRS’ TDA Program? Are you considering retirement in the next year? Whatever your situation, we have something for you! Review the program descriptions and register on the Educational Programs page today. All programs are virtual.

This year's annual cost-of-living adjustment (COLA) for eligible retirees is 1.2%, and it took effect with the September 2025 retirement allowance payments. This adjustment is calculated on the lesser of the retiree's fixed maximum retirement allowance or $18,000.

 

 

September 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.

October 31 is the deadline for retirees to file an election with TRS about how to receive their Required Minimum Distribution (RMD) for this year.  Affected members (generally, members 73 and older) who don’t file an election will receive a distribution from their Tax-Deferred Annuity (TDA) account at year-end to meet IRS requirements. 
If you received an RMD notification letter in the spring and have not made an election, you might want to attend TRS’ online class about RMD. Free sessions are available on Monday, September 15, Wednesday, September 24, Monday, September 29 and Tuesday, October 28; advance registration is required on our Educational Programs page.

Retirees can now see their Quarterly Payment Statements for the period ending June 30, 2025 in the secure section of our website. To view your available statements, please log in to the secure section of our website and choose Documents. For more information about the new Quarterly Payment Statements, please see the Fall 2024 Benefits Report

BERS members who are working in a title covered by the UFT may transfer membership to TRS under Chapter 551 of the Laws of 2024. Read our new brochure about the process.

Chapter 551 of the Laws of 2024 affects pension coverage for job titles that a) are covered by the United Federation of Teachers (UFT) and b) provided membership in the BERS, the New York City Board of Education Retirement System. Affected titles include substitute, per-session, and per-diem titles, educational analysts/officers, occupational therapists, physical therapists, and more.

The new law allows current BERS members who are working in UFT-covered titles to transfer their membership from BERS to TRS by December 11, 2025. Transfers must be initiated with BERS. Additional information will be provided to these members so that they can make an informed decision.

In addition, new hires in the affected titles (and individuals who were previously hired in the affected titles but did not join BERS) will have the option to join TRS for pension coverage.

The Internal Revenue Service has announced 2025 contribution limits for retirement plans such as TRS' TDA Program. The general contribution limit will increase from $23,000 in 2024 to $23,500 in 2025.

For members aged 50 or older, the IRS’ limits on “catch-up” contributions in 2025 are as follows:

• Age 50-59: $7,500
• Age 60-63: $11,250
• Age 64 and up: $7,500

Please see the Fall 2024 In-Service News for details about the “catch-up” limits.

Also, certain members with at least 15 years of City employment may be eligible to make additional contributions up to $3,000 in 2025.

Based on these rules, TRS calculates the maximum amount that each member can contribute to TDA and stops contributions that reach the maximum.

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, 2026.

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.

TRS will send certain class members of Gulino v. Board of Education an invoice for pension contributions that must be paid in order to receive pension credit from TRS. The mailings will continue until all affected class members are contacted. 
 
TRS representatives cannot answer questions about this mailing or any other aspects of the litigation. Additional information regarding Gulino can be found at the Gulino website at www.gulinolitigation.com.