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FAQs: Tier I and II members who do not meet the minimum accumulation may not be eligible to receive their full retirement benefit.
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FAQs: You will most likely receive your Benefits Letter from TRS about one week before receiving your first retirement allowance payment.
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FAQs: The figures used by your union representative were estimates.
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FAQs: You should file a Benefits Letter Inquiry Form (code RC1) , along with a copy of the page of your Benefits Letter.
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FAQs: Yes. In order to receive a duplicate Benefits Letter, you must submit a written request to TRS at 55 Water Street, New York, NY 10041.
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FAQs: EFT is available for other payments, as noted below.
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FAQs: If you are currently paid on the City of New York payroll through direct deposit for work in a position that entitles you to TRS membership: You will be automatically enrolled to receive your monthly benefit payments (including advance payments) via EFT.
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FAQs: Under the EFT system, funds are deposited in your account on the day the payment is issued.
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FAQs: Your TDA deductions will stop while you're on a leave of absence; however, your TDA funds will continue to earn the appropriate investment return, based on your investment elections.
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FAQs: As a TRS member, once you have completed the minimum requirements, you will be entitled to receive a retirement allowance from the Qualified Pension Plan.
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