What types of PoAs does TRS honor?

• 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

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