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FAQs: Yes. To apply for a refund, you must complete an Erroneous Contribution Refund Application (code IP12) .
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FAQs: If you are a Tier I or II member, your Minimum Accumulation is the amount you must have in your QPP account to be eligible to receive a full retirement benefit (if you are not subject to an age reduction).
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FAQs: By the last day of every month, the City of New York will transmit your payment to your financial institution for deposit in your designated account.
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FAQs: Yes. TDA deductions are taken out of summer pay.
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FAQs: Loans are generally paid within 1-2 weeks after the application is received.
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FAQs: If your loan is not fully repaid within five years, it is considered in default, and TRS would ask you to make a lump-sum repayment within 30 days.
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FAQs: TRS' TDA Program enables you to invest money for your future consistently on a tax-deferred basis.
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FAQ: Under Death Benefit #2, the benefit would equal one year's salary upon the completion of one year of service, two years' salary upon the completion of two years of service, and three years' salary upon the completion of three or more years of service.
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FAQs: Final Average Salary, or FAS, is a calculation used to compute the retirement allowances of TRS members.
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FAQs: Yes. Member Services Representatives can help you by answering inquiries over the phone or in person.
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