To improve your online experience and security, please use the latest version of a supported browser when visiting our website. Supported browsers are listed at Using Our Site. Beginning in January, TRS’ website will no longer support outdated browsers, such as Internet Explorer. If you visit our website (or any website) with an outdated browser, you might not be able to complete transactions or view content correctly. Make sure to keep your browser current on all your devices!

The next regular Board Meeting will be held on Thursday, December 15, 2022. The next Investment Meeting of the Teachers' Retirement Board will be held on Thursday, January 5. Normally, meetings are streamed live on TRS' website and are available for on-demand viewing within two business days.

Happy Holidays from the Member Education Team. December is here and TRS' online educational programs continue to be a popular go-to for our members. If you want to learn more about your pension and TDA, review the program descriptions and register on the Educational Programs page today! All programs are virtual.

Starting December 1, members who make online payments using a credit card or debit card will pay a fee of 2.88%. Previously, the fee was 2.5%. The fee is set by the administrator of TRS’ online payments program, and TRS does not control or collect the fee. Please note that correspondence from TRS may not indicate the new fee percentage.

No fee is charged for online payments made directly from a bank account (“e-checks”).

Account information as of October 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.

The 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 statements for the period ending September 30, 2022 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).

The Internal Revenue Service has announced 2023 contribution limits for retirement plans such as TRS' TDA Program. The general contribution limit will increase from $20,500 in 2022 to $22,500 in 2023. The limit on "catch-up" contributions for members age 50 and older will also increase, from $6,500 in 2022 to $7,500 in 2023.  

Certain members with at least 15 years of City employment may be eligible to make additional contributions up to $3,000. This limit is unchanged.

Based on these rules, each year TRS determines the maximum allowable TDA contribution 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."

If you are in active service or on leave, your "Full-Year, Full-Contribution Rate" for 2023 will be shown on your next Quarterly Account Statement, for the 3^rd quarter of 2022. Those statements will be posted by mid-November in the secure section of our website, and TRS will announce online and by email when the statements are available to view.

Annual Benefits Statements (ABS) for 2022 are now available for members who are in active service or on leave. Members can view their ABS in the secure section of our website under the Documents (formerly Statements) tab.

If you were newly hired this school year, check out our video for our new members! The video provides basics about membership in TRS. Watch on our site or on YouTube and share it with a friend. Don’t forget to subscribe to our channel at @trsnyc.

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, 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.