News

News

Personalized Account Statements Through March 31 Now Available Online [posted 4/20/15]

Monthly Account Statements as of March 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.

Watch Upcoming Board Meetings Online [posted 4/16/15]

The next Investment Meeting of the Teachers' Retirement Board will be held on Thursday, May 14, 2015. The next regular Board Meeting will be held on Thursday, May 21, 2015. Meetings are streamed live on TRS' website and are normally available for on-demand viewing within two business days.

April 2015 Unit Values Available [posted 4/13/15]

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.

UFT Retirees Receive Retroactive Payment [posted 3/2/15]

TRS is aware that the Department of Education has issued retroactive payments to members of the United Federation of Teachers (UFT) who retired between November 1, 2009 and June 30, 2014. The payment issued last week represents retroactive salary increases for 2009 and 2010, payable under the UFT contract agreement signed in June 2014.

Members who received the payment may wonder when their retirement allowance will be revised to reflect the retroactive salary increases. TRS will begin calculating the revisions upon receiving all required salary information from the employer. At this time, we cannot estimate when members will receive revised retirement allowances, but they should be aware that the revision process can take several months.

TRS Mourns the Loss of Kathleen Grimm [posted 2/19/15]

Kathleen Grimm, who served TRS members for over 12 years as a Trustee of the Teachers' Retirement Board, died on Tuesday. She was 68. As deputy chancellor of the New York City Department of Education, she represented the Chancellor on our Board since 2002. We offer our condolences to Ms. Grimm's family, friends, and colleagues.

Latest Quarterly Statements Are Online [posted 1/30/15]

Account statements for the period ending December 31, 2014 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 have been 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 1/20/15]

On January 16, TRS began issuing 1099 forms to members who received a distribution from TRS during 2014. 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.