In-service members can now open a Roth account in TRS' Tax-Deferred Annuity (TDA) Program. Please read our Discover TDA pages for information about the Roth option and how it compares to our traditional TDA option. To enroll in the Roth option, log in to the secure section of our website and select Roth from the Menu.

The Internal Revenue Service has announced 2026 contribution limits for retirement plans such as TRS' TDA Program. The general contribution limit will increase from $23,500 in 2025 to $24,500 in 2026.

For members aged 50 or older, the IRS’ limits on “catch-up” contributions in 2026 are as follows:

• Age 50-59: $8,000
• Age 60-63: $11,250
• Age 64 and up: $8,000

Also, certain members with at least 15 years of City employment may be eligible to make additional contributions up to $3,000 in 2026.

Please note that these limits apply jointly to TDA and Roth contributions. For example, for members under age 50, contributions to TRS' traditional TDA option and TRS' new Roth option combined cannot exceed $24,500.

In addition, for members 50 or older earning $145,000 or more in 2025, the IRS requires any age-based “catch-up” contributions to be made on an after-tax (Roth) basis. TRS will publish additional information about this requirement.

November 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 information as of September 30, 2025 is now available in the secure section of our website. In-service members can log in to see their latest account balances, plus loan information and investment elections. Retirees with a TDA account can view their latest TDA account balances, plus investment elections, loans, and RMD information.

 

The Fall 2025 issues of our member newsletters are now available online. The mailing of Benefits Report to retirees and In-Service News to non-retired members has begun. On the Newsletters page, you can view the new issues or choose an issue from our archives.

Annual Benefits Statements for 2025 are now available for members who are in active service or on leave. Members can view their statements in the secure area of our website in the Documents section.

 

 

Retirees can now see their Quarterly Payment Statements for the period ending September 30, 2025 in the secure section of our website. To view your available statements, please log in to the secure section of our website and choose Documents. For more information about the new Quarterly Payment Statements, please see the Fall 2024 Benefits Report

Starting October 1, members who make online payments using a credit card or debit card will pay a fee of 3.17%. Previously, the fee was 2.88%. The fee is set by the administrator of TRS’ online payments program, and TRS does not control or collect the fee. No fee is charged for online payments made directly from a bank account (“e-checks”).

 

This year's annual cost-of-living adjustment (COLA) for eligible retirees is 1.2%, and it took effect with the September 2025 retirement allowance payments. This adjustment is calculated on the lesser of the retiree's fixed maximum retirement allowance or $18,000.

 

 

BERS members who are working in a title covered by the UFT may transfer membership to TRS under Chapter 551 of the Laws of 2024. Read our new brochure about the process.

The Internal Revenue Service has announced 2025 contribution limits for retirement plans such as TRS' TDA Program. The general contribution limit will increase from $23,000 in 2024 to $23,500 in 2025.

For members aged 50 or older, the IRS’ limits on “catch-up” contributions in 2025 are as follows:

• Age 50-59: $7,500
• Age 60-63: $11,250
• Age 64 and up: $7,500

Please see the Fall 2024 In-Service News for details about the “catch-up” limits.

Also, certain members with at least 15 years of City employment may be eligible to make additional contributions up to $3,000 in 2025.

Based on these rules, TRS calculates the maximum amount that each member can contribute to TDA and stops contributions that reach the maximum.

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 receive the Notice of Participation and, if applicable, an Authorization for Release of Health-Related Information (code DI47) by September 11, 2026.

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.

TRS will send certain class members of Gulino v. Board of Education an invoice for pension contributions that must be paid in order to receive pension credit from TRS. The mailings will continue until all affected class members are contacted. 
 
TRS representatives cannot answer questions about this mailing or any other aspects of the litigation. Additional information regarding Gulino can be found at the Gulino website at www.gulinolitigation.com.