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FAQs: The funds in the Fixed Return Fund are a subset of the Pension Fund.
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FAQs: The U.S. Equity Index Fund invests in the over 3,000 securities in the Dow Jones U.S. Total Stock Market Index.
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FAQs: The International Equity Index Fund invests in the over 6,000 securities in the MSCI All Country World ex USA Investable Market Index (ACWI ex USA IMI).
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FAQs: For each of the variable-return Passport Funds, TRS takes the following steps to calculate the monthly unit value:
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FAQs: The Fixed Return Fund is unlike the other Passport Funds because it offers a guaranteed rate of return set by New York State Legislature in accordance with applicable laws.
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FAQs: The unit values reflect how much a unit in each Passport Fund is worth in a specific month; these values fluctuate from month to month.
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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: If you take a leave of absence, you automatically qualify for a 12-month grace period when loan payments need not be made.
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FAQs: When you retire, any outstanding QPP or TDA loan balance would be deducted from your funds in the corresponding program, reducing the amount available for your retirement.
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