One of the many benefits provided by the Teachers’ Retirement System and the Board of Education Retirement System the ability to borrow against your Qualified Pension Plan and Tax-Deferred Annuity accumulations.

As UFT members employed by the city Department of Education, it is important to understand the crucial role pension plans play in attracting and retaining talented educators and other school staff and ensuring financial security in retirement.

A key factor in calculating your retirement allowance under the Qualified Pension Plan (QPP) is your Total Service Credit. It helps to determine whether you’re eligible to retire and the amount you’ll receive when you do.  

All TRS and BERS members are now considered vested after they have completed five years of service in the pension system. 

The TRS website was built to enable members to manage their accounts on their own schedules, and TRS routinely adds features.

By investing part of your paycheck in a tax-deferred annuity, you take an important step toward a secure retirement.