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This section provides information about the latest TRS news and events. To receive regular updates, follow us on Facebook @myTRSNYC, Twitter @myTRSNYC, Instagram @TRSNYC, and subscribe to our YouTube channel @TRSNYC.

Calendars


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

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Earnings Limit Increases for Retirees in Public Service [posted 1/15/20]

Service retirees who are under age 65 may now earn up to $35,000 per year in public employment in New York State without reduction to their pension benefits. Recent legislation changed the limit from $30,000 in 2019 to $35,000 in 2020 and future years. Affected retirees must still file a Section 212 Waiver with TRS; our Earnings After Retirement brochure explains the requirements.

January 2020 Unit Values Available [posted 1/15/20]

The January 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. The January unit values include the opening unit value ($10.000) for TRS’ two new Passport Funds, the U.S. Equity Index Fund and the International Equity Index Fund.

Watch Upcoming Board Meetings Online [updated 1/6/20]

The next regular Board Meeting will be held on Thursday, January 30, 2020. The next Investment Meeting of the Teachers' Retirement Board will be held on Thursday, February 6, 2020. Meetings are streamed live on TRS' website and are normally available for on-demand viewing within two business days.

Mailing of 1099 Forms Starts Soon [posted 1/2/20]

Members who received a distribution from TRS in 2019 will soon receive the associated 1099 form for tax filing purposes.

Mailing will begin on January 17. Members should allow at least 10 days for the mailing to be completed and wait until February 3 before contacting TRS about forms not yet received in the mail.

On or about January 24, the 1099 forms for 2019 lump-sum distributions will be available for online viewing in the secure section of our website. (1099 forms for retirement allowances and other recurring payments are not available on our site.)

If you have questions about your tax forms from TRS, be sure to consult our 1099 Forms brochure.

2019 CAFR Now Available [posted 1/2/20]

We have posted the 2019 edition of our Comprehensive Annual Financial Report (CAFR). The CAFR is part of the City's overall financial reporting and presents TRS' financial position and the results of TRS operations. This report covers both our Qualified Pension Plan (QPP) and our Tax-Deferred Annuity (TDA) Program. On the Financial Reports page, you can view the most recent issue or choose an issue from our archives dating back to 2013.

Account Statements as of November 30 Now Available [posted 12/26/19]

Monthly Account Statements as of November 30, 2019 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.

2020 TDA Contribution Limits Set [updated 12/9/19]

The Internal Revenue Service has announced 2020 contribution limits for retirement plans such as TRS' TDA Program. The general contribution limit will increase from $19,000 in 2019 to $19,500 in 2020. The limit on additional "catch-up" contributions for members age 50 and older will increase from $6,000 to $6,500. In addition, certain members with at least 15 years of City employment may be eligible to make additional contributions up to $3,000.

Based on these rules, each year TRS determines the maximum allowable TDA contribution amount for each member. We also calculate the contribution rate (percentage of pay) that would result in the maximum contribution. That rate is known as the "Full-Year, Full-Contribution Rate."

You can now see—or elect—your 2020 Full-Year, Full-Contribution Rate after logging in to the secure section of our website. Rates elected by early December should take effect with the first payroll of the new year.

Updated Fund Profiles Booklet Available [posted 12/9/19]

We have posted the 2019 edition of our Fund Profiles booklet. It provides information such as strategy, risk, expenses, and performance for each of TRS' Passport Funds.

Fall 2019 Newsletters Now Available [posted 12/2/19]

The Fall 2019 issues of our member newsletters are now available online. The mailing of Benefits Report to retirees and In-Service News to non-retired members is underway. On the Newsletters page, you can view the most recent issues or choose an issue from our archives dating back to 2014.

Reminder of Filing Deadline for World Trade Center Law [updated 8/13/19]

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, 2022.

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.