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FAQs: Members who receive their paychecks through direct deposit or monthly retirement allowance payments electronically may elect to have their loan forwarded via Electronic Fund Transfer (EFT) to the account where these payments are deposited.
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FAQs: No. TRS does not have a lien on the items you may purchase with loan proceeds.
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FAQs: If your new job title is a TRS-eligible position, your TRS membership rights would generally not be affected.
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FAQs: A membership transfer from TRS usually takes about 9-12 months after the member has filed a TRS Membership Transfer Form (code RW39) and TRS has received the required documentation; please refer to the TRS Membership Transfer Form for more information.
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FAQs: Chapter 504 had broad effects on New York State public retirement systems.
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FAQs: If you are a Tier I or Tier II member, you may be eligible to change your contribution rate by filing a QPP Contributions Change Application (code IP1).
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FAQs: The QPP contribution rate for a Tier VI member is subject to change each year as of January 1, the start of the new "plan year."
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FAQs: This means that you have not yet met your minimum accumulation requirement.
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FAQs: DOE/Charter School employees whose TRS membership date is after February 27, 2008: As a participant in the Age 55 Retirement Program, you are initially required to contribute 4.85% of your gross pensionable compensation to the QPP.
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FAQs: During your first three plan years of membership, TRS will use a projection of your annual wages to determine your contribution rate; these projections are based on your most recent contractual salary, as provided by your employer(s).
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