The next Investment Meeting of the Teachers' Retirement Board will be held on Thursday, June 2, 2022. The next regular Board Meeting will be held on Thursday, June 16, 2022. Normally, meetings are streamed live on TRS' website and are available for on-demand viewing within two business days.

The May 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.

New legislation allows TRS members to become vested upon five years of service credit. Previously, the requirement was ten years for all Tier VI members, as well as Tier IV/Chapter 504 members (UFT-affiliated members who joined TRS after December 10, 2009). TRS will update our online materials to reflect this change.

The legislation, Chapter 56 of the Laws of 2022, was enacted as part of the recent New York State budget. TRS will publish information separately about other changes resulting from Chapter 56, including changes to how pension contributions are calculated for Tier VI members.

At this time, our Member Service Representatives do not have any additional information about the above changes.

Since last summer, over 10,000 members have registered for our online educational programs. To learn more about your pension and TDA, review the program descriptions and register on the Educational Programs page today! All programs are virtual.

In general, service retirees under age 65 can earn up to $35,000 per calendar year in New York State public employment without jeopardizing their retirement allowance.

Due to new legislation, retiree earnings in public school employment from April 9, 2022 through June 30, 2023 will not count toward the annual limit.

The legislation, Chapter 56 of the Laws of 2022, was enacted as part of the recent New York State budget. TRS will publish information separately about other changes resulting from Chapter 56.

Account information as of March 31, 2022 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.

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.

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.