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FAQs: If you choose to retire earlier than normal retirement age, an age-reduction factor may be applied to your service retirement allowance, depending on your tier and retirement program.
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FAQs: If you submitted your retirement application after your separation from service, you will receive an advisement letter approximately 90 days before your effective retirement date.
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FAQs: The Balanced Fund is a moderately conservative investment option that includes exposure to bonds and stocks.
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FAQs: In general, meetings are held every two weeks, usually on a Wednesday.
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FAQs: A Power of Attorney (PoA) is a legal instrument that allows one or more individuals (referred to as agents or attorneys-in-fact) to act on behalf of another person (referred to as the principal).
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FAQs: TRS will honor PoAs that authorize retirement benefit transactions and meet the standards of governing law at the time they were executed.
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FAQs: On 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.
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FAQs: The QAS summarizes a member's account balances, contributions, investment elections, loan status, and account activity for the reporting period.
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FAQs: TRS will notify you by email when your latest Annual Benefits Statement (ABS) and Quarterly Account Statement (QAS) are available for viewing in the secure section of our website.
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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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