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How are performance increases considered in my Final Average Salary?
FAQs: The collective bargaining agreement between the Council of School Supervisors and Administrators (CSA) and the New York City Department of Education provides for performance increases for qualifying members.
What payment options may I elect for my retirement allowance?
FAQs: You may elect to receive the maximum retirement allowance for which you are eligible.
May I change the elections I make on my retirement application?
FAQs: Yes. However, in general, TRS must receive any changes no later than one day before the effective payability date of your retirement allowance.
Will TRS provide me with documentation confirming my retirement?
FAQs: There are three occasions on which you will receive such a confirmation:
How long will it take to process my retirement application?
FAQs: It generally takes about three to five months to process a retirement application.
Can I change my beneficiary designations after retirement?
FAQs: The answer depends on which retirement option you elected.
Will my retirement benefits be offset by Social Security?
FAQs: Only members who retire under Tier III are affected by this law.
Can someone file my retirement application on my behalf?
FAQ: Your retirement application may be submitted by another individual; however, you must complete and sign the application yourself.
What happens if I do not meet my minimum accumulation?
FAQs: Tier I and II members who do not meet the minimum accumulation may not be eligible to receive their full retirement benefit.
When will I receive my Benefits Letter?
FAQs: You will most likely receive your Benefits Letter from TRS about one week before receiving your first retirement allowance payment.