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7/2/2025 12:24:01 PMWhat is the Goodman Settlement? FAQ
3/19/2025 10:18:54 AMOn March 17, 2014, a settlement between the City of New York and the United States Attorney's Office in the case of Goodman, et al. v. City of New York, et al. ("Goodman") became effective. The Goodman Settlement impacts the pension calculations of certain members and pensioners who served in the military after September 11, 2001.
What is the Goodman Settlement? FAQ
3/19/2025 10:19:44 AMOn March 17, 2014, a settlement between the City of New York and the United States Attorney's Office in the case of Goodman, et al. v. City of New York, et al. ("Goodman") became effective. The Goodman Settlement impacts the pension calculations of certain members and pensioners who served in the military after September 11, 2001.
Brochures Feature
6/9/2025 2:52:13 PMWhen will my retirement benefits be posted to my bank account? FAQ
3/19/2025 10:19:54 AMThe City of New York transmits your retirement payments on the last business day of every month. A calendar of projected payment dates is normally available on our website.
If the last day of the month is not a business day, your account may not reflect the deposit until the next business day. Note: TRS does not control when your financial institution will credit your account. If you have questions about when funds will be credited to your account, contact your financial institution.
How do I know the site has a secure connection when I log in? FAQ
3/19/2025 10:18:46 AMWill a TRS loan show up on external credit checks? FAQ
3/19/2025 10:18:56 AMNo. TRS will not release your information to a third party.
Will a TRS loan show up on external credit checks? FAQ
3/19/2025 10:19:47 AMWhat is Total Service Credit? FAQ
3/19/2025 10:19:18 AMIn general, your Total Service Credit consists of the following:
Membership Service: Any credited service you performed as a TRS member.
Transferred Service: Any service you transferred from an eligible retirement system (only applicable if you transferred your membership to TRS).
Optional Service: Certain eligible service for which you have claimed or purchased credit. For more information, please see the What is optional service credit? FAQ under the Payment for Credit tab.
Chapter 126 Credit (Tier I and II members only): Credit for remaining in active service from October 1, 2000 through June 30, 2001 and from July 1, 2001 through June 30, 2002.
What are the benefits of purchasing service credit? FAQ
3/19/2025 10:19:19 AMOne of the benefits of purchasing service credit is the potential increase to your prospective service retirement allowance. If you are not vested, purchasing service credit may enable you to more quickly attain vested rights and qualify for retirement benefits. In addition, if you are a Tier III or IV member, purchasing service credit may also enable you to more quickly attain the years of credited service needed to stop or reduce your pension contributions.