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FAQs: If your new job title is a TRS-eligible position, your TRS membership rights would generally not be affected.
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FAQs: A membership transfer from TRS usually takes about 9-12 months after the member has filed a TRS Membership Transfer Form (code RW39) and TRS has received the required documentation; please refer to the TRS Membership Transfer Form for more information.
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FAQs: Chapter 504 had broad effects on New York State public retirement systems.
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FAQs: If you are a Tier I or Tier II member, you may be eligible to change your contribution rate by filing a QPP Contributions Change Application (code IP1).
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FAQs: The QPP contribution rate for a Tier VI member is subject to change each year as of January 1, the start of the new "plan year."
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FAQs: This means that you have not yet met your minimum accumulation requirement.
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FAQs: DOE/Charter School employees whose TRS membership date is after February 27, 2008: As a participant in the Age 55 Retirement Program, you are initially required to contribute 4.85% of your gross pensionable compensation to the QPP.
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FAQs: During your first three plan years of membership, TRS will use a projection of your annual wages to determine your contribution rate; these projections are based on your most recent contractual salary, as provided by your employer(s).
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FAQs: At the time of membership, you will be notified as to when your pension deductions should begin.
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FAQs: Deductions can only be made from one retirement system at a time, and it takes some time to complete the transition.
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