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Can adjuncts with the City University of New York join TRS?
FAQs: Yes. TRS membership is optional.
What documentation must I provide to TRS as a new member?
FAQs: Members must provide the following to TRS:
Why is the pension number box on my pay stub blank?
FAQs: If your TRS membership is mandatory, the box may be blank because TRS has not completed processing your enrollment.
If I withdraw my QPP funds, what would be the tax consequences?
FAQs: The taxable portion of any withdrawn QPP funds is taxable upon receipt and would be reported to the IRS.
Can TRS estimate the amount of the payment if I withdraw my QPP funds?
FAQs: Yes. If you have officially resigned and have filed the Application for Withdrawal of QPP Accumulations (code RW41), you may submit a written request for an estimate of your account balance.
What documentation can I use as proof of my date of birth?
FAQs: The following items are considered acceptable date-of-birth documentation: birth certificate, passport, or naturalization document.
What should I do if my date of birth is incorrect in my ABS or QAS?
FAQs: You should write to TRS to have this information corrected.
How long does it take TRS to approve an application for a hardship withdrawal?
FAQs: A decision on your application should be made approximately 30-60 days after the end of the month in which TRS receives your application for hardship withdrawal.
What happens if I have an outstanding loan balance when I go on a leave of absence?
FAQs: If you take a leave of absence, you automatically qualify for a 12-month grace period when loan payments need not be made.
What happens if I have an outstanding loan balance when I retire?
FAQs: When you retire, any outstanding QPP or TDA loan balance would be deducted from your funds in the corresponding program, reducing the amount available for your retirement.