Until your new EFT account takes effect, TRS would issue any payments to the account previously on file (if any).

If monthly benefit payments or withdrawals need to be reissued, TRS makes payments by EFT to the account on file. Currently, loan and refund reissues can only be paid by check.

TRS publishes two member newsletters twice each year. In-service members receive In-Service News, and retirees receive Benefits Report.

Spring 2026

Spring 2026

In most cases, the unit values used would be the unit values in effect for the month after TRS' receipt of your TDA Total Withdrawal Application (and Request to Close TDA Account) (code TD32) or online equivalent.

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.