Get your piece of the pie with TDA!

Invest in TRS' supplemental Tax-Deferred Annuity (TDA) Program. You can help yourself to a more secure future and owe less in taxes. Now that’s a sweet deal!

Check out TRS' TDA Program Summary and Fund Profiles for more information, and log in to enroll or increase your TDA contribution rate.


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

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    • Watch Upcoming Board Meetings Online [posted 4/20/17]

      The next Investment Meeting of the Teachers' Retirement Board will be held on Thursday, May 4, 2017. The next regular Board Meeting will be held on Thursday, May 18, 2017. Meetings are streamed live on TRS' website and are normally available for on-demand viewing within two business days.

    • April 2017 Unit Values Available [posted 4/13/17]

      The April 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.

    • Account Statements for February 28 Now Available [posted 3/21/17]

      Monthly Account Statements as of February 28, 2017 are now available through the secure section of our website.

      In-service members can access their account balances, loan information, and investment elections. Members with TDA Deferral status can access their TDA account balances, investment elections, and loan and RMD information.

    • TRS Begins Mailing to Members with Contribution Deficits [posted 3/13/17]

      TRS has begun to contact about 40,000 members who owe pension contributions on some past earnings. In this situation, known as a "deficit," TRS calculates the amount due and sends members a letter with payment options. Deficit letters will be mailed through late April.

      For many of these members, pension contributions are owed on the first lump-sum payment made under the recent United Federation of Teachers contract. (These payments, made in October 2015 or later, represented back pay due under the contract. Now that we have all necessary data from the employer, TRS needs to collect required contributions on any contract-related back pay. If you were making pension contributions during the period that the back pay represents, then you will have a "deficit" now.)

      Members who are in the Age 55 Retirement Program may receive two separate deficit letters--one for their basic pension contributions, and then one for the Additional Member Contributions required under the Age 55 Retirement Program.

      Although these letters do not explicitly state the reason for a deficit (e.g., the October 2015 payment, for some), they do indicate the pay periods for which the contributions are owed.

      The letters also explain the available payment options:

      • Deficits of $50 or less will be automatically deducted from the member’s pay (before taxes).
      • Deficits over $50 may be paid by check within approximately 30 days.
      • Deficits over $50 may be paid through deductions from the member’s pay (before taxes) over multiple pay periods. Payment plans will begin automatically unless the member submits a timely payment or response to the deficit letter.

      Not all payment options are available in all cases, so please read your deficit letter to see which options apply to you.

      Members of the UFT are reminded that, under the recent contract, additional lump-sum payments are scheduled for October 2017, October 2018, October 2019, and October 2020. After each of those payments, TRS will again contact members who have deficits in pension contributions as a result.

    • Latest Quarterly Statements Are Online [posted 2/17/17]

      Account statements for the period ending December 31, 2016 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).

      Printed statements have been mailed to members' home addresses. If you currently receive your quarterly statements in the mail, consider opting out of the mailing and viewing the statement online instead. To change your mailing preference, select My Profile after logging in to the secure section of our website. To ensure that you receive emails from TRS, please add to your address book.

    • Mailing of 1099 Forms Begins Soon [posted 1/11/17]

      On January 13, TRS will begin issuing 1099 forms to members who received a distribution from TRS during 2016. Members should allow 10 days for the mailing to be completed before requesting duplicate forms.

      1099 forms for 2016 will be available for online viewing after January 18. Members with active TRS accounts who received lump-sum distributions from TRS during the past three years may view associated 1099 forms after logging in to the secure section of our website.

      If you have questions about your 2016 distributions, please read our 1099 Forms brochure; then, file a 1099-R/1099-INT Inquiry Form (code GA5) with TRS if necessary.

    • CUNY Employees Can Make Large One-Time TDA Contribution [posted 12/9/16]

      In January, many in-service CUNY employees will receive a lump-sum retroactive payment under their collective bargaining agreement. Often, members receiving such a payment choose to increase their TDA contribution rate in advance, because the higher paycheck provides a rare opportunity to make a large one-time deposit into their TDA Program account.

      For CUNY employees, the retroactive amount will be included with their paycheck on January 19 (if paid on State payroll) or January 27 (if paid on City payroll). So there is still time to increase your contribution rate -- and the Change Rate feature on our website is the quickest way to do this.

      Rate changes always take effect on the next available payroll, and the online feature displays which payroll that will be. Remember, your new contribution rate will remain in effect until you change it, so you'll probably want to make another online rate change in time for the following payroll.

    • TDA Contribution Limits Unchanged for 2017 [posted 11/23/16]

      The Internal Revenue Service recently announced that 2017 contribution limits for retirement plans, including Section 403(b) plans such as TRS' TDA Program, will remain the same as they were for 2016. The general maximum contribution amount remains at $18,000; the limit on additional "catch-up" contributions for members age 50 and older also remains unchanged at $6,000.

    • Fall 2016 Newsletters Now Available [posted 11/15/16]

      The Fall 2016 issues of our member newsletters are now available online. The mailing of Benefits Report to retirees and In-Service News to members in active service (or on leave) is underway. On the Newsletters page, you can view the most recent issues or choose an issue from our archives dating back to 2011.

    • Sign up for an Educational Program at TRS [posted 10/31/16]

      TRS offers free educational programs to eligible members throughout the year. To view our schedule of offerings through February 2017, visit Educational Programs under Resources; then open the Onsite Educational Programs bar. Eligible members can register for programs after logging in to the secure section.

    • New Filing Deadline for World Trade Center Law [posted 10/6/16]

      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 now receive the Notice of Participation and, if applicable, an Authorization for Release of Health-Related Information (code DI47) by September 11, 2018.

      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.