June 2026

Monthly unit values are usually available during the third week of the month.

Unit Value Historical Data

• TRS will honor PoAs that authorize retirement benefit transactions and meet the standards of governing law at the time they were executed.  (The law governing the requirements for a New York PoA changed effective June 13, 2021. Any PoA executed on or after June 13, 2021, must comply with the new requirements under New York’s General Obligations Law, Article 5, Title 15).
• TRS accepts Public Retirement System Special Durable Power of Attorney forms from:
  • The New York City Employees' Retirement System
  • The New York City Board of Education Retirement System
  • The New York City Police Pension Fund
  • The New York City Fire Pension Fund
  • The New York State and Local Employees' Retirement System
  • The New York State Teachers' Retirement System
  • The New York State and Local Police and Fire Retirement System

• TRS will honor PoAs that authorize retirement benefit transactions and meet the standards of governing law at the time they were executed.  (The law governing the requirements for a New York PoA changed effective June 13, 2021. Any PoA executed on or after June 13, 2021, must comply with the new requirements under New York’s General Obligations Law, Article 5, Title 15).
• TRS accepts Public Retirement System Special Durable Power of Attorney forms from:
  • The New York City Employees' Retirement System
  • The New York City Board of Education Retirement System
  • The New York City Police Pension Fund
  • The New York City Fire Pension Fund
  • The New York State and Local Employees' Retirement System
  • The New York State Teachers' Retirement System
  • The New York State and Local Police and Fire Retirement System

TRS must take several administrative steps before calculating and disbursing benefits. For example, we must stop the member’s monthly retirement benefits and may need to recover any payments due. When a non-retired member is deceased, TRS must first obtain the member’s complete service and salary history from all previous employers in order to calculate the benefit; unfortunately, this step can take several weeks. We must also adjust TRS account balances to reflect any loans and excess distributions taken. In addition, disbursement of benefits is delayed if we do not receive all required documentation and forms, as well as notarized proof of the online claim submission.

• TRS will honor PoAs that authorize retirement benefit transactions and meet the standards of governing law at the time they were executed.  (The law governing the requirements for a New York PoA changed effective June 13, 2021. Any PoA executed on or after June 13, 2021, must comply with the new requirements under New York’s General Obligations Law, Article 5, Title 15).
• TRS accepts Public Retirement System Special Durable Power of Attorney forms from:
  • The New York City Employees' Retirement System
  • The New York City Board of Education Retirement System
  • The New York City Police Pension Fund
  • The New York City Fire Pension Fund
  • The New York State and Local Employees' Retirement System
  • The New York State Teachers' Retirement System
  • The New York State and Local Police and Fire Retirement System

Three types of Qualified Pension Plan (QPP) benefits may be payable after the death of a TRS retiree: A one-time lump-sum amount (Death Benefit #2) if the member was in Tier II, III, IV, or VI; a continuing monthly benefit based on the retirement payment option chosen by the member; and a fractional payment representing a portion of the retirement allowance payment for the month in which the member died (as long as the death did not occur on the last day of the month).

For more information, please see the Guide to Death Benefits for Beneficiaries of Retired Members and the If the member participated in TRS’ Tax-Deferred Annuity (TDA) Program, what TDA benefits may be payable? FAQ below.

To establish or change an EFT account, retirees can log in to the secure section of our website and go to Payments. Until your new EFT account takes effect, TRS would issue any payments to the account previously on file (if any).

Please note that it takes at least 21 days to establish an EFT account. For monthly benefit payments, it may take 30-60 days before the new account can receive the payments.

TRS must verify and validate the bank account information you provide on your EFT election. Withdrawals, loans, and other one-time payments can be made to the new account no less than 21 days after TRS receives your election. For monthly benefit payments, it may take 30-60 days before the new account can receive the payments.

Before your EFT begins, TRS will send you a letter confirming the type of account (i.e., checking or savings), account number, transit routing number, and the financial institution to which payments are to be deposited. The letter will be posted in the secure section of our website (in the Documents section) before you receive it in the mail.