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What does it mean to become a transferred contributor?

You would be eligible to become a transferred contributor to TRS if you: a) obtain a position enabling you to gain membership in a New York City retirement system within 60 days of your separation from service; and b) do not withdraw your accumulated QPP contributions; and c) file a Transferred Contributor Election Form (code EN17) within seven school years of your separating from service. Similarly, if you are a member of another New York City retirement system and obtain a TRS-eligible position, you may elect to remain in your current retirement system by filing an Affidavit for Non-TRS Transferred Contributors (code EN40) .