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If I am a Tier II member, how would my Final Average Salary (FAS) be calculated?
FAQ : Your FAS generally would be the average of your highest three consecutive annual salaries.
If I choose to receive the Maximum Payment Option...?
FAQs: All retirement allowance payments would cease upon your death.
Can I receive my retirement allowance in a lump sum?
FAQs: In general, lump-sum payments of your retirement allowance are only permitted for terminally ill members (please see the TRS' Lump-Sum Disability Benefit brochure); however, all eligible members may apply for a loan from their funds in conjunction with retirement.
Why does the number of variable units shown...?
FAQs: The QAS indicates the number of your variable units at the end of each quarter of the calendar year.
Can one EFT Authorization Form or...?
FAQs: Yes, as long as the payments are to be deposited in the same account.
On the EFT Authorization Form should I check off...?
FAQs: Members should contact their bank to determine if the money market account is considered a checking or a savings account.
Can regularly appointed teachers in New York City public schools join TRS?
FAQs: Yes. If you are appointed as a teacher or pedagogue in a public school maintained by the New York City Department of Education, you would automatically become a TRS member as of your appointment date.
Can full-time faculty or professors with the City University of New York join TRS?
FAQs: Yes. Full-time instructional staff of CUNY must join either TRS or the Optional Retirement Program offered by TIAA.
Can paraprofessionals in New York City public schools join TRS?
FAQs: Before October 29, 2021, TRS membership was optional for paraprofessionals.
What paraprofessional titles are eligible for TRS membership?
FAQs: As of October 29, 2021, paraprofessionals in the following titles are automatically members of TRS: Auxiliary Trainer, Bilingual Professional Assistant, Educational Assistant, Educational Associate, and Teacher Aide.