News

News

April 2014 Unit Values Available [posted 4/14/14]

The April 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.

News for Tier IV Members Considering Retirement [posted 4/11/14]

TRS has released a new version of the "Tier IV Service Retirement Application" (code RE19) featuring a simplified retirement plan election. Members who are planning to retire under Tier IV should be sure to file this new form (dated 2/14) because TRS will not be able to accept previous versions (dated 1/14 or earlier).

Retiring members who mail in or come to TRS with a completed older version of the application will need to complete the new version. However, for your convenience, we will accept the signed and notarized last page from an older application.

Watch Upcoming Board Meetings Online [posted 4/3/14]

The next regular Board Meeting will be held on Thursday, April 24, 2014. The next Investment Meeting of the Teachers' Retirement Board will be held on Thursday, May 8, 2014. Meetings are streamed live on TRS' website and are normally available for on-demand viewing within two business days.

Personalized Account Statements Through February 28 Now Available Online [posted 3/20/14]

Monthly Account Statements as of February 28, 2014 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.

Apply for TDA Withdrawals Online [posted 2/12/14]

Members who want to withdraw their Tax-Deferred Annuity (TDA) Program funds can now go online to apply. After logging in to the secure section of our website, members who are eligible to withdraw TDA funds will find an "Apply for a TDA Withdrawal" link under the My TDA menu tab. TRS issues payments in less than 45 days for most requests; and, if the withdrawal is taken only from money invested in the Fixed Return Fund, we issue payments within 15 days in most cases.

Latest Quarterly Statements Are Online [posted 2/5/14]

Account statements for the period ending December 31, 2013 are now available for online viewing in the secure section of our website.

The Quarterly Account Statement (QAS), for in-service members and certain members on leave, summarizes account information for members' Qualified Pension Plan and, if applicable, Tax-Deferred Annuity Program accounts.

The TDA Quarterly Statement, for members with TDA Deferral status, summarizes TDA account information for members who are maintaining a TDA account after retirement (or, in some cases, resignation).

Printed statements are being mailed to members' home addresses. If you currently receive your quarterly statements in the mail, consider opting out of the mailing and viewing the statement online instead. To change your mailing preference, select
My Profile after logging in to the secure section of our website. To ensure that you receive emails from TRS, please add noreply@trs.nyc.ny.us to your address book.

Mailing of 1099 Forms Has Started [posted 1/23/14]

On January 16, TRS began issuing 1099 forms to members who received a distribution from TRS during 2013. 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 [reposted 12/20/13]

TRS was recently awarded a "Certificate of Achievement for Excellence in Financial Reporting" by the Government Finance Officers Association. This award honors our 2012 Comprehensive Annual Financial Report (CAFR). The Certificate of Achievement is the highest form of recognition for governmental accounting and financial reporting. The 2012 report was TRS' 25th consecutive CAFR to receive this prestigious award.

The CAFR summarizes financial and investment information for our Qualified Pension Plan as of the end of each fiscal year. Our CAFR for the fiscal year ended June 30, 2013 is available on our website's Financial Reports page.