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News

This section provides information about the latest TRS news and events.

Calendars


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

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Headlines


Watch Upcoming Board Meetings Online [updated 1/18/18]

The next Investment Meeting of the Teachers' Retirement Board will be held on Thursday, February 1, 2018. The next regular Board Meeting will be held on Thursday, February 15, 2018. Meetings are streamed live on TRS' website and are normally available for on-demand viewing within two business days.

Mailing of 1099 Forms Is Underway [posted 1/17/18]

Members who received a distribution from TRS in 2017 will soon receive the associated 1099 form for tax filing purposes.

Mailing began on January 12. Members should allow at least 10 days for the mailing to be completed and wait until January 26 before contacting TRS about forms not yet received in the mail.

On or about January 18, the 1099 forms for 2017 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.

January 2018 Unit Values Available [posted 1/16/18]

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.

2017 CAFR Now Available [posted 1/2/18]

We have posted the 2017 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 2011.

Balanced Fund Joins TRS' Passport Funds [posted 1/2/18]

TRS' lineup of investment options, the Passport Funds, changed on January 1, when the Balanced Fund replaced the Bond Fund. The Balanced Fund is a moderately conservative investment option that includes exposure to bonds and stocks. For more information, please visit our Balanced Fund page.

Account Statements for November 30 Now Available [posted 12/26/17]

Monthly Account Statements as of November 30, 2017 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.

Fall 2017 Newsletters Now Available [posted 11/16/17]

The Fall 2017 issues of our member newsletters are now available online. The mailing of Benefits Report to retirees and In-Service News to members in active service (or on leave) is underway. On the Newsletters page, you can view the most recent issues or choose an issue from our archives dating back to 2012.

Review Your 2017 Annual Benefits Statement [posted 11/15/17]

TRS has begun mailing the 2017 Annual Benefits Statement (ABS) to members who are in active service or on a leave of absence. By the end of November, more than 120,000 members will receive statements.

For most members, the 2017 ABS is also now available for online viewing in the secure section of our website. Members receive an email once their statement is posted.

The 2017 ABS is the last one that TRS will print and mail to members. Starting in 2018, the ABS will only be available online. (Learn more here.) Online statements are in PDF format for convenient printing; TRS can no longer provide reprints.

Latest Quarterly Statements Are Online [posted 11/13/17]

Account statements for the period ending September 30, 2017 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).

Printed statements have been mailed to members' home addresses. If you currently receive your quarterly statements in the mail, consider opting out of the mailing and viewing the statement online instead. To change your mailing preference, select My Profile after logging in to the secure section of our website. To ensure that you receive emails from TRS, please add noreply@trs.nyc.ny.us to your address book.

2018 TDA Contribution Limits Set [posted 10/23/17]

The Internal Revenue Service has announced 2018 contribution limits for retirement plans, including Section 403(b) plans such as TRS' TDA Program. The general contribution limit will increase from $18,000 in 2017 to $18,500 in 2018. The limit on additional "catch-up" contributions for members age 50 and older remains unchanged at $6,000.

The increase in contribution limits will result in an increase in members' Full-Year, Full-Contribution Rates for 2018. Members will be able to see their personalized Full-Year, Full-Contribution Rate for 2018 on their Quarterly Account Statement for the period ending September 30, 2017. Contributing at the Full-Year, Full-Contribution Rate allows members to contribute the highest allowable amount to TDA from year to year by contributing at a steady rate during each pay period of a calendar year.

New Filing Deadline for World Trade Center Law [posted 10/6/16]

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 now receive the Notice of Participation and, if applicable, an Authorization for Release of Health-Related Information (code DI47) by September 11, 2018.

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.