News

News

Watch Upcoming Board Meetings Online [posted 2/4/16]

The next regular Board Meeting will be held on Thursday, February 25, 2016. The next Investment Meeting of the Teachers' Retirement Board will be held on Thursday, March 3, 2016. Meetings are streamed live on TRS' website and are normally available for on-demand viewing within two business days.

Personalized Account Statements Through December 31 Now Available Online [posted 1/25/16]

Monthly Account Statements as of December 31, 2015 are now available through the secure section of our website.

In-service members can access their account balances, loan information, and investment elections. Members with TDA Deferral status can access their TDA account balances, investment elections, loan information, RMD amounts, and "RMD Election Form" filing deadlines.

January 2016 Unit Values Available [posted 1/15/16]

The January unit values for the variable-return Passport Funds are now available. Unit values are based on each portfolio's closing market value as of the end of the preceding month.

Mailing of 1099 Forms Has Started [posted 1/15/16]

On January 15, TRS began issuing 1099 forms to members who received a distribution from TRS during 2015. Members should allow up to 10 days for the mailing to be completed before submitting requests for duplicate forms.

Members with active TRS accounts who received lump-sum distributions from TRS during the past three years may view associated 1099 form(s) online by logging in to the secure section of our website. If you have any questions about the distribution(s) reported on your 1099 forms, please file a 1099-R/1099-INT Inquiry Form (code GA5) with TRS.

TRS Recognized for Financial Reporting [posted 1/12/16]

TRS was recently awarded a "Certificate of Achievement for Excellence in Financial Reporting" by the Government Finance Officers Association. This award honors our 2014 Comprehensive Annual Financial Report (CAFR). The Certificate of Achievement is the highest form of recognition for governmental accounting and financial reporting. The 2014 report was TRS' 27th consecutive CAFR to receive this prestigious award.

The CAFR presents TRS' financial position and the results of TRS operations as of the end of each fiscal year. Our most recent CAFR, for the fiscal years ending June 30, 2015 and June 30, 2014, is available on our website's Financial Reports page.

Common Investment Meeting Scheduled for December 16 [posted 12/10/15]

The Office of the Comptroller will host a Common Investment Meeting at 9:00 a.m. on December 16, 2015, at New York Law School, 185 West Broadway, New York, NY 10013. Trustees from TRS and the other New York City retirement systems will participate. The meeting is open to the public.

2016 TDA Contribution Limits Set [posted 10/27/15]

The Internal Revenue Service (IRS) has announced 2016 contribution limits for retirement plans, including Section 403(b) plans such as TRS' TDA Program. The general maximum contribution amount remains at $18,000. The limit on additional "catch-up" contributions for members age 50 and older also remains unchanged at $6,000.

Members will be able to see their personalized Full-Year, Full-Contribution Rate for 2016 on their Quarterly Account Statement for the period ending September 30, 2015. Contributing at the Full-Year, Full-Contribution Rate allows members to invest the highest allowable amount in TDA from year to year by contributing at a steady rate during each pay period of a calendar year.

Goodman Settlement May Affect Military Service Credit [updated 8/20/15]

On March 17, 2014, a settlement between the City of New York and the United States Attorney's Office in the case of Goodman, et al. v. City of New York, et al. ("Goodman") became effective. The Goodman Settlement impacts the pension calculations of certain members and pensioners who served in the military after September 11, 2001.