Teachers' Retirement System of the City of New York

Do my QPP contributions gain interest?

In general, QPP funds automatically accrue 5% interest annually.

For Tier I and II members who are not yet retired, earnings on QPP funds depend on how the funds are invested in TRS' Passport Funds. The return on QPP funds in the Fixed Return Fund is currently guaranteed at 8.25%; the returns on QPP funds in the variable-return Passport Funds fluctuate monthly. Your most recent Quarterly Account Statement (QAS) indicates your investment elections.