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Teachers' Retirement System of the City of New York

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May I roll over an outstanding or defaulted loan balance? FAQs: The following loan amounts may be eligible for a rollover:
May I use a direct withdrawal to pay off a TDA loan? FAQs: Yes. You may use the withdrawn money at your discretion.
Can I hold membership in two City retirement systems at the same time? FAQs: No. The Administrative Code of the City of New York prohibits simultaneous membership in two city retirement systems.
If I retire with deferred payability...? FAQs: Yes. You may do so by filing a TDA Withdrawal Application (code TD32) or online equivalent.
How are Rollovers different from Direct Payment Withdrawals? FAQs: If you make a Direct Withdrawal, TRS sends the withdrawn amount directly to you.
June 20, 2013 Board Meeting Minutes Minutes
What determines the number of units that a member has? FAQs: In-service members may elect to invest contributions in the Passport Funds: all members may invest their TDA contributions; Tier I and Tier II members may invest their pension contributions.
If I stop contributing to the Qualified Pension Plan...? FAQs: No. Your maximum TDA contribution amount is set by federal law.
On the EFT Authorization Form...? FAQs: Members should contact their bank to determine if the money market account is considered a checking or a savings account.
How may I learn more about the performance of TRS' investments? FAQs: TRS includes semi-annual investment updates in our In-Service News and Benefits Report newsletters, analyzing the performance of our investment programs; these publications regularly contain additional articles helping you understand how TRS' investments work for you.