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News

This section provides information about the latest TRS news and events. To receive regular updates, follow us on Facebook @myTRSNYC, Twitter @myTRSNYC, Instagram @TRSNYC, and subscribe to our YouTube channel @TRSNYC.

Calendars

See important deadlines and holiday closings, scheduled dates for pension payments, and a calendar of Teachers' Retirement Board meetings.

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Headlines

 

Please read about our operations during the pandemic period. (Last update: 6/28/2022)

Latest Quarterly Statements Are Online [posted 8/8/22]

Account statements for the period ending June 30, 2022 are now available for online viewing in the secure section of our website.

The Quarterly Account Statement (QAS), for in-service members and certain members on leave, summarizes account information for members' Qualified Pension Plan and, if applicable, Tax-Deferred Annuity Program accounts.

The TDA Quarterly Statement, for members with TDA Deferral status, summarizes TDA account information for members who are maintaining a TDA account after retirement (or, in some cases, resignation).

New Chief Actuary Announced [posted 7/26/22]

In a joint statement, the five New York City retirement systems today announced Marek Tyszkiewicz as New York City’s new Chief Actuary. The Chief Actuary is the legally-designated technical advisor to the five Boards of Trustees, overseeing the actuarial calculations for City employees’ post-employment benefits.
 

Monthly Account Update Available [updated 7/22/22]

Account information as of June 30, 2022 is now available in the secure section of our website. In-service members can log in to see their latest account balances, plus loan information and investment elections. Retirees with a TDA account can view their latest TDA account balances, plus investment elections, loans, and RMD information.

August Online Programs Available [updated 7/21/22]

As we settle into summer, TRS continues to offer educational programs to view online. Over the last 12 months, 13,000 members have attended our online programs. There are several new offerings for in-service members and retirees, as well as the popular "Getting Ready for Retirement" program. Read program descriptions and register on the Educational Programs page today! All programs are virtual.

July 2022 Unit Values Available [posted 7/13/22]

The July unit values for the variable-return Passport Funds are now available. Unit values are based on each portfolio's closing market value as of the end of the preceding month.

TRS Offices Close Early on Fridays This Summer [posted 6/28/22]

TRS offices will close at 1 p.m. on Friday, July 1, ahead of the Independence Day holiday weekend. We will also close at 1 p.m. on other Fridays this summer, from July 8 through September 9. Please keep this in mind when calling TRS or scheduling a visit.

Watch Upcoming Board Meetings Online [updated 6/28/22]

The next Investment Meeting of the Teachers' Retirement Board will be held on Thursday, September 8. The next regular Board Meeting will be held on Thursday, September 15, 2022. Normally, meetings are streamed live on TRS' website and are available for on-demand viewing within two business days.

Spring 2022 Newsletters Now Available [posted 6/10/21]

The Spring 2022 issues of our member newsletters are now available online. The mailing of Benefits Report to retirees and In-Service News to non-retired members will begin shortly. On the Newsletters page, you can view the most recent issues or choose an issue from our archives.

Retirees, Tour TRS' Website! [posted 5/24/22]

TRS is pleased to introduce a new online class for our retired members: Retiree Website Tour! On June 29, we’ll walk registered retirees through the secure features on our website.

Read the program description and register on the Educational Programs page today! All programs are virtual.

5-Year Vesting Now in Effect [updated 5/9/22]

New legislation allows TRS members to become vested upon five years of service credit. Previously, the requirement was ten years for all Tier VI members, as well as Tier IV/Chapter 504 members (UFT-affiliated members who joined TRS after December 10, 2009). TRS will update our online materials to reflect this change.

The legislation, Chapter 56 of the Laws of 2022, was enacted as part of the recent New York State budget. TRS will publish information separately about other changes resulting from Chapter 56, including changes to how pension contributions are calculated for Tier VI members.

At this time, our Member Service Representatives do not have any additional information about the above changes.

Retiree Earnings Limit Suspended for Public School Work [posted 4/26/22]

In general, service retirees under age 65 can earn up to $35,000 per calendar year in New York State public employment without jeopardizing their retirement allowance.

Due to new legislation, retiree earnings in public school employment from April 9, 2022 through June 30, 2023 will not count toward the annual limit.

The legislation, Chapter 56 of the Laws of 2022, was enacted as part of the recent New York State budget. TRS will publish information separately about other changes resulting from Chapter 56.

Mailing to Gulino Class Members [posted 9/3/21]

TRS will send certain class members of Gulino v. Board of Education an invoice for pension contributions that must be paid in order to receive pension credit from TRS. The mailings will continue until all affected class members are contacted. 
 
TRS representatives cannot answer questions about this mailing or any other aspects of the litigation. Additional information regarding Gulino can be found at the Gulino website at www.gulinolitigation.com.

Reminder of Filing Deadline for World Trade Center Law [updated 8/13/19]

Qualifying members who worked in the World Trade Center Rescue, Recovery, or Cleanup Operations between September 11, 2001 and September 12, 2002 may file a Notice of Participation (code DI40) with TRS. Beneficiaries of qualifying members who died without having filed this form may file the beneficiary version of the Notice of Participation (code DI40b). TRS must receive the Notice of Participation and, if applicable, an Authorization for Release of Health-Related Information (code DI47) by September 11, 2022.

Please see the World Trade Center Presumptive Disability and Death Benefit Laws information sheet for a list of qualifying conditions or impairments of health and other important information.