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Can I transfer my membership to another retirement system?
FAQs: If you have separated from service (resigned or been terminated), or if you are on a leave of absence without pay, you may be eligible to transfer your membership to another retirement system within New York State.
Who is eligible for Multiple Employment Membership Status?
FAQs: Multiple Employment Membership status is automatically assigned to in-service members who render employment in two or more TRS-eligible positions during the same school year.
Who is eligible to have a "zero rate" of contributions?
FAQs: Once Tier I or II members have met their minimum accumulation and have at least 20 years of qualifying service, they may elect to stop making pension contributions.
How can I change the way my QPP funds are invested?
FAQs: Tier I and II in-service members and retirees may change their QPP investment elections four times a year.
Does my employer contribute toward my retirement allowance?
FAQs: If you are an in-service Tier I or II member who is not on a leave of absence, your employer makes contributions equaling 2.5% of your salary to your Increased-Take-Home-Pay (ITHP) account.
What is TRS' Tax-Deferred Annuity (TDA) Program?
FAQs: TDA contribution limits are established by the Internal Revenue Service (IRS) each year.
Who is eligible to receive an excess withdrawal?
FAQs: If you are a Tier I-Plan A member or a Tier II-Plan C member, and you have completed at least 20 years of qualifying service, you may be eligible to receive an excess withdrawal.
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Annual Comprehensive Financial Report 2024
Annual Comprehensive Financial Report